KT Corporation (KT) : Traders are bullish on KT Corporation (KT) as it has outperformed the S&P 500 by a wide margin of 10.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.13% in the last 1 week, and is up 11.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.93% and the 50-Day Moving Average is 12.61%. KT Corporation (NYSE:KT): stock turned positive on Friday. Though the stock opened at $16.57, the bulls momentum made the stock top out at $16.57 level for the day. The stock recorded a low of $16.15 and closed the trading day at $16.46, in the green by 1.92%. The total traded volume for the day was 682,284. The stock had closed at $16.15 in the previous days trading.
The company Insiders own 1% of KT Corporation shares according to the proxy statements. Institutional Investors own 15.25% of KT Corporation shares.
KT Corporation is a telecommunications service provider. The Companys principal services include mobile service and fixed-line services, including fixed-line telephone services, broadband Internet access service and data communication services. The Companys operating segments include the Customer/Marketing Group, which engages in providing various telecommunication services to individual/home customers and the convergence business; the Enterprise Sales Group, which engages in telecommunication services for the global market and corporate customers, as well as data communication service; the Finance/Rental Business Group, which engages in providing various financial services, such as credit card and lending, and also engages in the automobile rental and leasing business, and others, which include security services, satellite service, information technology and network services, satellite television service and real estate development businesses.