SK Telecom Co. Ltd. (SKM) Shares are Up 3.57%

SK Telecom Co. Ltd. (SKM) : Traders are bullish on SK Telecom Co. Ltd. (SKM) as it has outperformed the S&P 500 by a wide margin of 5.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.64%, 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 3.57% in the last 1 week, and is up 9.15% 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 6.15% and the 50-Day Moving Average is 10.56%. SK Telecom Co. Ltd. is up 14.55% in the last 3-month period. Year-to-Date the stock performance stands at 13.7%.


SK Telecom Co. Ltd. (NYSE:SKM): On Fridays trading session , Opening price of the stock was $22.93 with an intraday high of $23.09. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.76. However, the stock managed to close at $22.91, a loss of 1.12% for the day. On the previous day, the stock had closed at $23.17. The total traded volume of the day was 955,099 shares.

SK Telecom Co., Ltd. is a wireless telecommunications service provider. The Company offers the following core services: Cellular voice services; Wireless data services; Broadband Internet, Internet Protocol television (IPTV) and fixed-line telephone services, and New businesses. The Company provides wireless voice transmission and wireless global roaming services. The Company also provides wireless data transmission services, including wireless Internet access services, and text and multimedia messages. The Companys subsidiary, SK Broadband provides broadband Internet access service and other Internet-related services, including video-on-demand and IPTV services. The Company also provides local, domestic long-distance and international long-distance fixed-line telephone services to residential and commercial subscribers. Its new businesses include platform business, business-to-business (B2B) solutions business, healthcare business and other businesses.

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