AMKOR Technology Inc.’s filing revealed that its Director CHURCHILL WINSTON J acquired Company’s shares for reported $0.66 million on Aug 27 ’24. In the deal valued at $32.97 per share,20,000 shares were bought.
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Then, Rutten Guillaume Marie Jean sold 25,000 shares, generating $814,000 in total proceeds. Upon selling the shares at $32.56, the President and CEO now owns 224,971 shares.
Before that, Engel Kevin sold 4,720 shares. AMKOR Technology Inc. shares valued at $154,061 were divested by the Executive Vice President at a price of $32.64 per share. As a result of the transaction, Engel Kevin now holds 0 shares, worth roughly $0.0.
JP Morgan initiated its AMKOR Technology Inc. [AMKR] rating to an Overweight in a research note published on July 01, 2024; the price target was $48. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Fox Advisors began covering AMKR with “an Equal weight” recommendation on March 14, 2024. Goldman started covering the stock on February 29, 2024. It rated AMKR as “a Neutral”.
Price Performance Review of AMKR
On Tuesday, AMKOR Technology Inc. [NASDAQ:AMKR] saw its stock jump 0.24% to $33.04. Over the last five days, the stock has gained 1.98%. AMKOR Technology Inc. shares have fallen nearly -0.69% since the year began. Nevertheless, the stocks have risen 25.20% over the past one year. While a 52-week high of $44.86 was reached on 07/16/24, a 52-week low of $17.58 was recorded on 08/05/24. SMA at 50 days reached $36.51, while 200 days put it at $32.62.
Levels Of Support And Resistance For AMKR Stock
The 24-hour chart illustrates a support level at 32.44, which if violated will result in even more drops to 31.84. On the upside, there is a resistance level at 33.40. A further resistance level may holdings at 33.75. The Relative Strength Index (RSI) on the 14-day chart is 47.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.07%. Stochastics%K at 86.79% indicates the stock is a selling.
How much short interest is there in AMKOR Technology Inc.?
A steep rise in short interest was recorded in AMKOR Technology Inc. stocks on 2024-07-31, dropping by -1.58 million shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.68 million shares. There was a decline of -50.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 16, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.
