MagnaChip Semiconductor Corporation (MX) Shares are Up 9.71%

MagnaChip Semiconductor Corporation (MX) : Traders are bullish on MagnaChip Semiconductor Corporation (MX) as it has outperformed the S&P 500 by a wide margin of 45.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.74%, 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 9.71% in the last 1 week, and is up 46.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

MagnaChip Semiconductor Corporation is up 62.72% in the last 3-month period. Year-to-Date the stock performance stands at 55.95%. The stock has recorded a 20-day Moving Average of 21.49% and the 50-Day Moving Average is 35.52%.


MagnaChip Semiconductor Corporation (NYSE:MX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.98 and $7.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.25, notching a gain of 3.38% for the day. The total traded volume was 378,762 . The stock had closed at $7.98 on the previous day.

MagnaChip Semiconductor Corporation is a holding company, which is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company operates through three business lines: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel display and include MagnaChip sensor products for mobile applications and industrial applications. The Companys Power Solutions products include modules and integrated circuit solutions for power management in consumer, computing, communication and industrial applications. Its Semiconductor Manufacturing Services provide analog and mixed-signal foundry services mainly for fabless and certain integrated device manufacturer (IDM) semiconductor companies.

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