Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AMKOR Technology Inc. shares valued at $780,750 were sold by Rutten Guillaume Marie Jean on Mar 15 ’24. At $31.23 per share, Rutten Guillaume Marie Jean sold 25,000 shares. The insider’s holdings dropped to 124,476 shares worth approximately $3.75 million following the completion of this transaction.
Also, Faust Megan sold 2,800 shares, netting a total of over 87,052 in proceeds. Following the sale of shares at $31.09 each, the insider now holds 53,023 shares.
Before that, CHURCHILL WINSTON J had sold 11,903 shares from its account. In a trade valued at $430,889, the Director traded AMKOR Technology Inc. shares for $36.20 each. Upon closing the transaction, the insider’s holdings decreased to 11,903 shares, worth approximately $0.34 million.
As published in their initiating research note from Needham on April 09, 2024, AMKOR Technology Inc. [AMKR] has been a Buy and the price target has been revised to $40. Analysts at Fox Advisors started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid March. As of February 29, 2024, Goldman has initiated its “Neutral” rating for AMKR. Earlier on November 16, 2023, UBS initiated its rating. Their recommendation was “a Buy” for AMKR stock.
Analyzing AMKR Stock Performance
During the last five days, there has been a drop of approximately -7.13%. Over the course of the year, AMKOR Technology Inc. shares have dropped approximately -9.53%. Shares of the company reached a 52-week high of $37.00 on 03/07/24 and a 52-week low of $28.84 on 02/06/24. A 50-day SMA is recorded $31.68, while a 200-day SMA reached $28.31. Nevertheless, trading volume fell to 0.89 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for AMKOR Technology Inc. (AMKR)
According to the 24-hour chart, there is a support level at 29.52, which, if violated, would cause prices to drop to 28.94. In the upper region, resistance lies at 30.97. The next price resistance is at 31.84. RSI (Relative Strength Index) is 41.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 93.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
