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via finance.yahoo.comMarkets

SK Hynix could join the Nasdaq 100 if it expands its ADR float, according to Goldman

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- SK Hynix's U.S.-listed ADRs could win a spot in the Nasdaq 100 if the chipmaker expands its ADR float, according to Goldman Sachs. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA possible Nasdaq 100 inclusion would generate estimated passive inflows, with the October 28 results as a catalyst.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Goldman notes the ADR initial listing represented only about 2.5% of SK Hynix's circulating equity.
  2. 02At roughly 25.5 billion dollars, the ADR ranks between 98 and 108 of eligible companies.
  3. 03Goldman estimates long-term passive inflows of around 15 billion dollars if the float expands to 5-10%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SK hynix Inc.SKHYStock136.03 USD-1.35%today -5.04%Positive NASDAQ 100INDEX:NDXIndex29,103.85-0.63%today -2.41%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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