Amkor Technology (AMKR) : Traders are bullish on Amkor Technology (AMKR) as it has outperformed the S&P 500 by a margin of 1.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, 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 1.46% in the last 1 week, and is up 8.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Amkor Technology (NASDAQ:AMKR): The stock was completely flat for the day, closing at $6.27 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.26, the stock touched an intraday high of $6.29 and a low of $6.17. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.27. The total trading volume on Friday was 1,009,653.
The stock has recorded a 20-day Moving Average of 5.85% and the 50-Day Moving Average is 4.46%. Amkor Technology, Inc. is up 9.04% in the last 3-month period. Year-to-Date the stock performance stands at 3.13%.
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.