‘Collaboration with Apple’ Hyundai Motors turned upward after falling

Hyundai Motor's stock price rises vertically
Hyundai Motor’s stock price rises vertically

(Seoul = Yonhap News) Reporter Ryu Young-seok = Hyundai Motor’s stock price graph is displayed on a screen installed at Yeonhap Infomax in Jongno-gu, Seoul on the afternoon of the 8th.
On this day, on the rumor that Hyundai Motor Company will cooperate with Apple’s electric car production, the stock price jumped 19.42% from the previous day to 246,000 won, recording the highest daily increase rate ever. 2021.1.8 [email protected]

(Seoul = Yonhap News) Reporter Taejong Kim = Hyundai Motor, which surged for two days due to discussions on electric car cooperation with Apple[005380]Is regaining strength in the securities market on the 12th.

As of 9:33 am on the day, Hyundai Motor was trading at 273,000 won, down 2.24% (6,000 won) from the previous day.

Hyundai Motors started with a slight decline on the day and fell to 256,000 won, but it turned to an uptrend with the inflow of buying.

Hyundai Motors surged 19.42% on the 8th, when the rumors of cooperation between Apple and electric vehicles for the first time appeared, and then ended 8.74% on the 11th.

As a result, it jumped close to 30% for two trading days, closing at 267,000 won on the 11th, and approaching a record high of 268,000 won (April 30, 2012) based on the closing price.

The previous day’s trading volume was 14 million shares, and the current trading volume exceeded 2 million shares.

Same time Hyundai Mobis[012330]Is 345,000 won, down 1.99% from the previous day, Kia Motors[000270]Also, it turned to an increase and rose by 0.43% to 7400 won.

Eugene Investment & Securities[001200]Raised the target price from KRW 326,000 to KRW 400,000 while maintaining the rating as’Buy’, saying that Hyundai Motor Group’s future car value needs to be re-evaluated.

Researcher Lee Jae-il said, “At this point, the point to note is that the future car technology capabilities and business value of Hyundai Motor Group were remarkably undervalued.”

“Hyundai Motor has the world’s top electric vehicle competitiveness and electric vehicle platform technology, and is proving its unrivaled technology in the hydrogen vehicle field,” said Lee. It is judged to be” he analyzed.

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