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[Alpha Biz=(Chicago) Reporter Paul Lee] According to the Korea Exchange on the 18th, Naver's stock price has fallen 16.41% in the past month. It dropped from 225,500 won to 188,500 won on the 15th of last month.
It is institutions and foreign investors who have dragged down stock prices. In a month, the new agency sold 127.4 billion won worth of goods and foreigners sold 104 billion won worth of goods, respectively.
Until August, Naver's stock price had been on an upward curve. On August 7, the price rose to 241,500 won during the day, setting a new 52-week high. However, it went downhill since then, and the 200,000 won line collapsed on the 4th of this month.
As the generative AI business received a disappointing evaluation, the momentum has entered a lull.
The delay in recovering advertising sales is also the reason for the sluggish stock price. Naver's search platform sales in the third and fourth quarters are expected to grow about 2 percent year-on-year to 913.4 billion won to 924.9 billion won. The growth rate of commerce transactions is expected to slow slightly to 8%.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
