Shares of Artist Studio are showing weakness in early trading on the 30th. With the release of the Netflix drama "Squid Game Season 3," it appears investors have concluded that the factors for stock price increases have dissipated.
As of 9:15 a.m. on this day, shares of Artist Studio are trading at 11,910 won, down 22.05% (3,370 won) compared to the previous trading day in the KOSDAQ market.
Shares of Artist Company, the parent company of Artist Studio, are also trading down 19.68% (2,060 won) at 8,410 won in the KOSDAQ market compared to the previous trading day.
Artist Studio is a subsidiary of Artist Company, which is the largest shareholder of actor Lee Jung-jae. It is thus classified as a stock related to Squid Game.
Earlier on the 27th, the final season of the Squid Game series was released. It appears that investors have moved to sell, judging that the factors for stock price increases have disappeared.
Meanwhile, "Squid Game 3" ranked No. 1 in the Netflix TV program institutional sector as of the 28th. However, evaluations of "Squid Game 3" are mixed. Based on scores assigned by critics on the American movie and drama rating site Rotten Tomatoes, the Tomatometer score was 83%, while the audience score, known as the popcorn score, was 51%.