Amkor Technology (AMKR) : Traders are bullish on Amkor Technology (AMKR) as it has outperformed the S&P 500 by a wide margin of 31.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 27.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 28.14% in the last 1 week, and is up 35.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Amkor Technology (NASDAQ:AMKR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.60 and $7.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.06, notching a gain of 6.75% for the day. The total traded volume was 4,108,732 . The stock had closed at $7.55 on the previous day.
The stock has recorded a 20-day Moving Average of 25.73% and the 50-Day Moving Average is 30.33%. Amkor Technology, Inc. is up 42.91% in the last 3-month period. Year-to-Date the stock performance stands at 32.57%.
Amkor Technology, Inc. (Amkor) is a provider of outsourced semiconductor packaging and test services. The Companys packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process.