SAMG Entertainment Hits Daily Price Limit on News of Teenieping Entering 2,000 Target Stores in the U.S. - BigGo Finance
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SAMG Entertainment (419530. KQ) hit its daily price limit intraday on the 7th on news that its proprietary intellectual property (IP) Teenieping products will be placed in Target stores, one of the largest U. S. retail chains.
According to the Korea Exchange, SAMG Entertainment closed at 23,100 won (approximately $17), up 5,220 won (approximately $3.9), or 29.11%, from the previous session. The stock surged to its upper price limit during intraday trading. Buying momentum was driven by expectations that Teenieping's U. S. expansion will translate into future earnings growth.
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