Is SK Telecom Co Ltd (SKM) Stock About to Get Hot Wednesday?

SK Telecom Co Ltd (SKM) stock has gained 2.45% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

SK Telecom Co Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SKM!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SKM Stock Today?

SK Telecom Co Ltd (SKM) stock is trading at $19.62 as of 2:34 PM on Wednesday, Mar 8, a decline of -$0.44, or -2.19% from the previous closing price of $20.06. The stock has traded between $19.61 and $19.79 so far today. Volume today is light. So far 365,573 shares have traded compared to average volume of 550,970 shares. To screen for more stocks like SK Telecom Co Ltd click here.

More About SK Telecom Co Ltd

SK Telecom is South Korea's largest wireless telecom operator, with 30 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.7 million broadband customers and 9.3 million pay TV customers (6.4 million IPTV and 2.8 million Cable TV). While the firm also purchased stakes in businesses in security and semiconductor memory production as well as developing e-commerce and internet platform businesses, these were all spun off into the separate, SK Square business in November 2021. Click Here to get the full Stock Report for SK Telecom Co Ltd stock.