Samsung Electronics executives purchased a total of 11.5 billion won worth of company shares.

Kim Minyoung

kimmy@alphabiz.co.kr | 2024-06-10 03:18:04

Lee Jae-yong, chairman of Samsung Electronics (photo=Samsung Group)

 

[Alpha Biz= Reporter Kim Minyoung] According to the Financial Supervisory Service's electronic disclosure system on the 9th, six Samsung Electronics executives purchased a total of 15,490 shares of company stock, amounting to 114.9 billion won this month.

Park Hak-kyu, the Head of Management Support (President), purchased 5,500 shares of Samsung Electronics common stock on the 3rd at 73,700 won per share, totaling 453.5 million won. On the same day, No Tae-moon, Head of the Mobile Experience (MX) Division (President), bought 5,000 shares of Samsung Electronics common stock at 73,500 won per share, totaling 367.5 million won.

As a result, the number of Samsung Electronics shares held by these individuals increased. President Park's holdings increased from 22,500 shares to 28,000 shares, while President No's holdings increased from 13,000 shares to 18,000 shares. Additionally, Kim Dong-wook, the Head of the Finance Team (Vice President), purchased 2,000 shares (15.18 million won) on the 5th, and Jung Jae-wook, Vice President of Samsung Research's Global AI Center, bought 1,330 shares (9.948 million won) on the 3rd. Furthermore, on the 5th and 7th, Yoon Ju-han, Vice President in charge of the Finance Team, purchased a total of 660 shares (4.975 million won), and on the 7th, Park Soon-cheol, Vice President of the Support Team, acquired 1,000 shares (7.52 million won).

This year, Samsung Electronics' stock price has been hovering around the 70,000 won range. While there was a period when it briefly reached the 80,000 won range, it failed to sustain its upward momentum. Compared to SK hynix, a competitor that has taken the lead in the High Bandwidth Memory (HBM) market and surpassed 200,000 won per share, Samsung Electronics' stock performance has been relatively weak.

However, with the recent purchase of company shares by executives and expectations for Nvidia's supply, Samsung Electronics' stock price is expected to rise by more than 5% to enter the 80,000 won range. Executives have previously stepped up to buy company shares in large quantities whenever Samsung Electronics' stock price has fallen or its performance has been weak.

 

 


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