K Wave Media is trading at $2.09, down 7.11% now after profit-taking following a sharp post-split rally.
- The 1-for-30 reverse stock split took effect on August 3, 2026, lifting the split-adjusted share price.
- An August 4 preliminary LOI to acquire a controlling stake in a South Korean semiconductor-materials company intensified AI-related speculation.
- Broader semiconductor weakness and South Korea’s market decline are adding sector pressure.