Stock Track | SK hynix Soars 5.13% in Pre-market After Chairman's Share Purchase, Memory Sector Rallies
Stock Track
Jul 30
SK hynix (SKHY) surged 5.13% in pre-market trading, bouncing back from earlier declines following news that SK Group Chairman Choi Tae-won purchased additional shares of the company.
The stock turned positive after the chairman bought 3,620 shares, a move that signaled confidence in the memory chip giant despite a recent selloff triggered by a second-quarter earnings miss. The broader memory and semiconductor sector also traded higher in pre-market, with SanDisk rising over 4%, Western Digital and Seagate gaining more than 3%, and Micron advancing over 2%, providing a favorable backdrop for SK hynix's recovery.
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