[What is this？] South Korea’s Samsung Electronics stock price plummets． A comedy of “executives buying back their own shares” as market capitalization of 83．5 trillion evaporates

The stock price of South Korean company Samsung Electronics is in a slump and is falling steadily. Below is the daily chart as of September 10, 2024 (chart taken from investing.com: same below). The recent downward trend is “What the heck”, but the closing price on September 10th was “66,200 won”.
The closing price on August 16th, the day before this downward trend began, was “80,200 won”, so from the next business day, August 19th, to September 10th, the stock price fell 17.5%, and the market capitalization evaporated by 83.58 trillion won. By the way, although the KOSPI is not doing well as shown below, during the same period (from the closing price on August 16th to the closing price on September 10th) it was down 6.44%, so it is certain that the drop in Samsung Electronics’ share price is extraordinary. ↑Kospi daily chart. As above, this is as of September 10, 2024. In the Korean market, Samsung Electronics is said to be a national stock. Depending on the time, it may be described as “80,000 electrons,” “70,000 electrons,” or “Let’s go to 100,000 electrons,” but it is certain that Samsung Electronics-related stocks, including affiliated companies, account for about 30% of the market capitalization. If this goes down, it’s a big problem. There is an interesting article in the Mainichi Economics. Below are some quotes. (Omitted)
Starting with Jeong Yong-jun, vice president and head of the foundry quality team at Samsung Electronics, executives have been buying up company stock one after another. Due to concerns about an economic recession originating in the United States, investment sentiment at Samsung Electronics has also cooled, pushing its share price down to the 60,000 won range, and this is analyzed as a move aimed at purchasing at low prices. did. (Omitted)
According to the Financial Supervisory Service’s electronic disclosure system on the 10th, Roh Tae-moon, head of Samsung Electronics’ MX division (president), purchased 5,000 of the company’s stocks over the counter on the 5th, based on the date of the transaction. The acquisition price is 69,500 won per unit, bringing the total acquisition amount to 347.5 million won. After purchasing the shares, the settlement date, which is the day the actual shares are delivered to the investor, is the 9th. This is two days after the actual transaction date. What is noteworthy is that not only President Noh, but other executives have also recently begun buying back their own shares. On the 3rd of last month, Han Jeong-hee, vice chairman and head of the DX division at Samsung Electronics, purchased 10,000 shares of the company’s stock at an average price of 73,900 won. If the acquisitions by President Roh and Vice Chairman Han are combined, the company has already embarked on a share buyback worth more than 1 billion yen this month alone. On the 16th of last month, Vice President Oh Moon-wook purchased 1,000 shares of the company’s stock for 79.1 million won. (Omitted)

⇒ Reference/Source: Maeil Business Newspaper “70,000 yen for the company’s stock price, 60,000 yen for the company’s stock price”
The company’s stock price has fallen to “60,000 electronics,” so the executives are apparently buying back their own shares. Even if the executives buy a little bit here and there, it won’t have a big impact on the overall picture, so it must be a struggle. If you draw a time axis on the daily chart, it will look like this: For the time being, the support line is holding and it appears to have stopped where it should, but this is a fickle thing, so there is no guarantee that it won’t break through. However, I don’t think executive buybacks of company stock have much to do with it. (Yoshida Hunting @dcp).

韓国『サムスン電子』株価ズンズン下がる。時価総額83.5兆が蒸発「役員が自社株買い」の喜劇

韓国『サムスン電子』の株価が絶不調で、ずんずん下がっています。以下は、2024年09月10日が締まった時点での日足チャートです（チャートは『Investing.com』より引用：以下同）。直近は「なんだこりゃ」という下落トレンドですが、09

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