|
According to the Electronic Disclosure System of the Financial Supervisory Service on the 21st, 11 executives of Hyundai Motors sold some of the treasury shares held between the 6th and 18th of this month. During this period, the number of shares they sold was 2544 shares, and the amount they sold was about 600 million won. Their average selling price was 24,600 won (excluding preferred stocks).
Hyundai Motor’s stock price soared after it was announced on the 8th that Apple had proposed cooperation with the Hyundai Motor Group with the aim of launching an Apple car in 2027. The plan to collaborate with the Hyundai Motor Group from the production of electric vehicles to the development of batteries, the core of Apple cars, came out through media reports, soaring 19.42% from the previous trading day.
Hyundai Motor’s share price, which was 192,000 won at the end of last year (December 30), jumped 37.7% in two weeks to 265,500 won (based on the closing price on the day). Hyundai Motor Company (41 trillion 24.3 billion won), which was ranked 9th in the market cap at the end of last year, rose to the 5th place in the market cap. The market cap was 56,5152 billion won, rising more than 15 trillion won in two weeks. On the 11th, Hyundai Motor Company recorded a 52-week reported price, rising to 289,000 won during the intraday.
As Hyundai Motor’s stock price soared, executives who had stocks started selling them on the market. On the 18th, managing director Seok Dong-bin sold 500 common stocks for 261,500 won. The size of the sale is 130.75 million won. Seo-ho Choi, the managing director, also disposed of 410 shares of common stock (135,555,000 won) for 25,500 won.
In addition, △ Young-sik Ji (304 weeks, 250,000 won) △ Sun-Tae Kwon (300 weeks, 252,000 won) △ Joon-Sung Ryu (265 weeks, 250,000 won) △ Lee Chung-Hyu (200 weeks, 207,500 won) △ Executive Director Seo Jeong-guk (200 shares of preferred stock, 106,000 won) △ Executive Director Jeong Hong-beom (150 shares, 260,500 won) △ Executive Director Kim Hoon (135 shares, 209,000 won) △ Sang-Hyun Park (50 weeks, 248,500 won) △ Ikjin Baek (30 shares, KRW 254,000) also sold on the market.
The National Pension Service also sold 62,8654 shares of Hyundai Motor Company (including preferred stocks) on the market this year. The holding ratio fell 0.23 percentage points from 10.04% to 9.81%. The size of the sale is about 15.74 billion won (based on the closing price on the 14th).
However, such a move is unlikely to have a significant impact on the stock price. SK Securities researcher Kwon Soon-woo said, “As Hyundai Motor’s stock price has risen significantly in the short term, it seems that some of its executives are trying to realize profits from the stock price increase. It is necessary to look at the movement of the largest shareholder, etc.,” he explained.
When Hyundai Motor’s stock price fell in the aftermath of Corona 19 in March last year, Hyundai Motor Group’s senior chairman Eui-sun Eui-sun purchased more than 80 billion won of Hyundai Motor and Hyundai Mobis treasury shares as part of responsible management. Chairman Chung’s share of Hyundai Motor Company is 5.58,478 shares (2.62%, as of December 18). Chairman Chung’s stake in Hyundai Motor reached 1.480.8 billion won based on the closing price of the day.
At the time, executives also participated in the purchase of treasury stock. At the time of the purchase of treasury stocks at the bottom of the corona, the share price of Hyundai Motors was 689,900 won (last year’s March 23), and has more than tripled to 264,500 won.