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Hyundai Motor Company’s executives who bought stocks with the chairman sold out after the share price rises due to’Apple Car’ cooperation theory

Input 2021.02.08 15:15

Hyundai Motor Company (005380)While the group announced on the 8th that it was not conducting autonomous vehicle cooperation with Apple, the stock price plummeted, and some Hyundai Motor Group executives were found to have disposed of some treasury stocks in the last month. Executives followed Hyundai Motor Group Chairman Eui-sun Eui-sun to purchase treasury shares when Hyundai Motor’s stock price retreated to levels 11 years ago due to Corona 19 in March last year. –

Hyundai Motor Company and Kia Yangjae office building. /Hyundai Motor Group

According to the Electronic Disclosure System of the Financial Supervisory Service on the 8th, 14 executives of Hyundai Motors sold 3537 treasury stocks (including preferred stocks) held since the 6th of last month. The selling scale is about 861 million won. On the 27th of last month, Managing Director Kim Mo sold 585 common stocks for 263,000 won. The selling scale is 15,3855,000 won. Managing Director Seok-mo disposes of 500 common stocks for 261,500 won (130.75 million won), and Choi Mo also disposes of 410 common stocks (133,550,000 won) for 252,500 won.

Some executives have bought more shares of Hyundai Motor Company in the last month. On the 11th of last month, Vice President Aunt bought 100 shares of common stock at 2,05625 won per share, and on the 26th of last month, Mr. Park bought 250 shares of common stock at 257,000 won per share.

Hyundai Motor’s stock price soared after it was announced on the 8th of last month that Apple had proposed cooperation with the Hyundai Motor Group with the aim of launching an Apple car in 2024. Hyundai Motor’s stock price from 192,000 won on December 30 last year rose to 289,000 won during the intraday on the 11th of last month, recording 52-week reported price. The market cap also rose close to 15 trillion won, from 41 trillion won to 55 trillion won at the end of last year. Kia Motors also recorded 102,000 won per week on the 5th.

Hyundai Motor’s stock price dropped to 65,000 won when car production was stopped and sales declined due to Corona 19 in March last year. Accordingly, about 200 executives, including Chairman Eui-sun Eui-sun, bought a large number of treasury stocks in order to practice responsible management. From March 19th to 25th last year, Chairman Chung valued a total of 81.7 billion won in Hyundai Motors stocks of 40.6 billion won (69,793 won per share, 581333 shares) and 411 billion won in Hyundai Mobis (13,5294 won per share, 330,0003759 shares). Bought. Chairman Chung did not sell the stock he bought last year. 125 Hyundai Motor Company executives purchased treasury shares worth about 3.3 billion won from March to August last year.

Hyundai, Kia, Hyundai Mobis (012330)The stock price of Hyundai Motor Group listed companies surged after the possibility of cooperation with Apple was revealed, but the stock price plunged at the same time when they revealed that “there is no discussion on the development of autonomous vehicles with Apple.”

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