KT Corporation (KT) Shares are Up 2.62%

KT Corporation (KT) : Traders are bullish on KT Corporation (KT) as it has outperformed the S&P 500 by a wide margin of 2.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.45%, 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 2.62% in the last 1 week, and is up 1.78% 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 3.53% and the 50-Day Moving Average is 2.56%.The 200 Day SMA reached 16.87%


KT Corporation (NYSE:KT): The stock opened in the green at $16.26 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $16.31 and a low of $15.92 for the day. The stock did not find buyers even at the lows and closed at $16.05 recording a loss of -1.29%. 815,007 shares exchanged hands during the trading day. The stock had closed at $16.05 in the previous days trading.

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.

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