During the pandemic period, the share value of many companies fell. However, Samsung stocks were on the rise, reaching the pre-pandemic period.
Samsung stocks recover
The onset of the pandemic caused uncertainty for many companies and a decline in share values occurred. The uncertainty experienced seems to be partially over for the technology giants.
According to the news shared by The Korea Economic Daily, JP Morgan bought 3.41 million shares and Merrill Lynch bought 2.22 million Samsung shares. Individual investors, on the other hand, made a significant investment by acquiring approximately 2.26 million shares.
With this demand from investors, Samsung’s shares soared. Samsung, whose share value reached $57, managed to reach the same levels as the period before the pandemic. This increase is expected to be continuous for Samsung in 2021. The shares of Samsung, which is expected to grow especially in the DRAM market and is the largest DRAM supplier in the smartphone market, may increase further in 2021.