Kakao Corp: Insiders Are Buying and Cancellation of Treasury Shares
Kakao Corp (035720 KS) has two near-term positive catalysts. First is treasury shares cancellation. Second is insiders buying of its shares.
These moves suggest the management's confidence in the company's outlook ahead of the AGM on 26 March.
In our view, one of the major reasons why the insiders are buying could be due to Kakao's collaboration with OpenAI.
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