News stories about Korea Fund (NYSE:KF) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Korea Fund earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.1645905638578 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Korea Fund (KF) opened at $40.10 on Monday. Korea Fund has a 1-year low of $35.90 and a 1-year high of $44.64. The stock has a market capitalization of $230.92, a price-to-earnings ratio of 7.76 and a beta of 0.71.
In related news, major shareholder City Of London Investment Grou sold 5,477 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.04, for a total transaction of $230,253.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 24,095 shares of company stock valued at $992,458. 59.52% of the stock is owned by company insiders.
About Korea Fund
The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.
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