SK hynix (NASDAQ:SKHY) Shares Gap Up – Here’s Why

SK hynix Inc. (NASDAQ:SKHYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $154.03, but opened at $163.42. SK hynix shares last traded at $157.9990, with a volume of 9,294,348 shares trading hands.

Key SK hynix News

Here are the key news stories impacting SK hynix this week:

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SKHY shares. Barclays initiated coverage on shares of SK hynix in a report on Tuesday, July 14th. They set an “overweight” rating and a $330.00 price objective on the stock. Singular Research raised shares of SK hynix to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of SK hynix to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $330.00.

Check Out Our Latest Stock Report on SKHY

SK hynix Price Performance

About SK hynix

(Get Free Report)

SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.

The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.

See Also

Receive News & Ratings for SK hynix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK hynix and related companies with MarketBeat.com's FREE daily email newsletter.