POSCO (NYSE:PKX) Hits New 1-Year High - Here's Why

POSCO (NYSE:PKX) reached a new 52-week high of $69.00 on Friday, despite a significant quarterly earnings miss and mixed analyst ratings. Major institutional investors like State Street, Goldman Sachs, and UBS have recently increased their positions in the company, showcasing varied market sentiment. The South Korea-based integrated steel producer, with a market cap near $20.9 billion, last traded at $68.83, up 2.6%.

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