--- title: "Weekly Recap | SKHY.US -14.66%, heavy selling to weekly low" type: "News" locale: "en" url: "https://longbridge.com/en/news/304725398.md" description: "SK Hynix fell 14.66% this week to close at $127.34, while the S&P 500 lost 2.68%, leaving the stock about 11.98 percentage points behind the benchmark. The week started with a gap up on Monday at $154.30 and an intraday high of $156.06, then drifted lower day by day. The sharpest selling hit Thursday (Nov 5), when the stock touched a weekly low of $122.20, before a modest bounce on Friday (Nov 6) brought the close back to $127.34." datetime: "2026-11-07T08:52:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304725398.md) - [en](https://longbridge.com/en/news/304725398.md) - [zh-HK](https://longbridge.com/zh-HK/news/304725398.md) generator: "portal-rs" --- # Weekly Recap | SKHY.US -14.66%, heavy selling to weekly low ## The Week SK Hynix (SKHY.US) fell 14.66% this week to close at $127.34, while the S&P 500 lost 2.68%, leaving the stock about 11.98 percentage points behind the benchmark. The week started with a gap up on Monday at $154.30 and an intraday high of $156.06, then drifted lower day by day. The sharpest selling hit Thursday (Nov 5), when the stock touched a weekly low of $122.20, before a modest bounce on Friday (Nov 6) brought the close back to $127.34. Weekly volume was 139 million shares, with daily average turnover about 53% above the 60-day median, pointing to heavy distribution. ## Key Events The dominant story this week was a rapid unwind of the AI trade, and memory names took the brunt of it. SK hynix had no direct negative news of its own, yet as a core AI-memory play it fell alongside the sector. A bearish ‘death cross’ signal appeared midweek, adding to the selling pressure. On the company side there were two concrete developments: SK hynix announced a new US AI investment subsidiary, Hyaico, with commitments of up to $10 billion and Chey Tae-won as chairman, signalling continued expansion into US AI infrastructure. Separately, the company unveiled a low-heat iHBM product aimed at AI data centres. Both items landed around Friday’s rebound and offered limited near-term support to the share price. ## Analyst Ratings Fifteen brokers cover the stock: 9 rate it a buy, 5 rate it overweight, and 1 rates it hold, with no underweight or sell ratings. The consensus rating is strong buy. The consensus target price is $260.64, about 104.68% above the current price, with a wide range from $164 to $400. Within the semiconductor space, SK hynix ranks 23rd out of 78 companies in terms of ratings coverage. The ratings picture remains broadly positive, which contrasts sharply with the recent price action. ## The Week Ahead US CPI data lands on Tuesday (Nov 10): core CPI is forecast at 0.2% after a prior reading of 0.3%, while headline CPI is forecast at 3.9% after 3.7%. That print will shape risk appetite and Fed expectations. The same day brings the NFIB Small Business Optimism Index, with a prior reading of 97.9, and wholesale sales data arrives on Monday (Nov 9) after a prior gain of 1.8%. On the company side, SK hynix’s next earnings report is not due until Jan 27, 2027, so there is no earnings catalyst in the immediate week. Keep an eye on whether the post-Friday technical and flow signals carry over into next week. ## In Short The week’s central tension is between a strongly bullish ratings backdrop and a deteriorating tape. The consensus rating is strong buy with a target far above spot, yet the latest daily flow data showed large-lot money as a modest net seller, and the technical picture turned negative. Valuation sits at a relatively low level. The real question is whether next week’s CPI data can stabilise sentiment, and whether the AI-led selling pressure in memory names begins to ease at the margin. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SK.US](https://longbridge.com/en/quote/SK.US.md) - [SKHZ.US](https://longbridge.com/en/quote/SKHZ.US.md) - [SKUU.US](https://longbridge.com/en/quote/SKUU.US.md) - [HYNX.US](https://longbridge.com/en/quote/HYNX.US.md) - [SKDD.US](https://longbridge.com/en/quote/SKDD.US.md) - [SKHL.US](https://longbridge.com/en/quote/SKHL.US.md) - [SKHU.US](https://longbridge.com/en/quote/SKHU.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) ## Related News & Research - [TES Wins KRW 48.08 Billion Chipmaking Equipment Contract From SK Hynix](https://longbridge.com/en/news/305253407.md) - [NH Investment & Securities Offers KRW 6.99 Billion in Equity-Linked Securities](https://longbridge.com/en/news/304824024.md) - [SK Hynix (KOSE:A000660) Draws Focus As Senators Push Curbs On Chinese Memory Rival](https://longbridge.com/en/news/305484087.md) - [M Stanley Cuts TP for SAMSUNG ELEC (005930.KS) and SK Hynix on Memory Sector's "2028 Earnings Cliff" Narrative Risk](https://longbridge.com/en/news/304958785.md) - [SK hynix Expanding US Team, Strengthens Ties With Key US Clients](https://longbridge.com/en/news/304825330.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**