News articles about Korea Fund, Inc. (The) (NYSE:KF) have trended somewhat negative on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Korea Fund, Inc. (The) earned a news sentiment score of -0.06 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7340230907245 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Korea Fund, Inc. (NYSE:KF) opened at 41.46 on Friday. The stock’s 50 day moving average is $40.33 and its 200 day moving average is $39.68. Korea Fund, Inc. has a 52 week low of $31.52 and a 52 week high of $42.68.
In related news, major shareholder City Of London Investment Grou purchased 1,640 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $38.03 per share, for a total transaction of $62,369.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 59.52% of the company’s stock.
Korea Fund, Inc. (The) Company Profile
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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