QUICK SPARK: SK Hynix on Pace for Worst Month Since June 2002
SK hynix just booked the most profitable quarter in its history and a 76% operating margin. The stock is still on track for its worst month in 24 years. The selling has almost nothing to do with the earnings.
SK Hynix just made record profits, but its stock price is still falling this month—showing that sometimes what a company earns and what investors feel about it don't match up. When a great company's stock drops anyway, it might mean investors are worried about something else, like the future or the whole market mood.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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