AMKOR Technology Inc.’s recent filing unveils that its President and CEO Rutten Guillaume Marie Jean unloaded Company’s shares for reported $0.32 million on Oct 15 ’24. In the deal valued at $31.51 per share,10,000 shares were sold. As a result of this transaction, Rutten Guillaume Marie Jean now holds 204,971 shares worth roughly $5.74 million.
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Then, GUILLAUME RUTTEN bought 10,000 shares, generating $315,106 in total proceeds.
Before that, Rutten Guillaume Marie Jean sold 18,125 shares. AMKOR Technology Inc. shares valued at $543,750 were divested by the President and CEO at a price of $30.00 per share. As a result of the transaction, Rutten Guillaume Marie Jean now holds 214,971 shares, worth roughly $6.01 million.
KeyBanc Capital Markets initiated its AMKOR Technology Inc. [AMKR] rating to an Overweight in a research note published on September 20, 2024; the price target was $38. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. Needham began covering AMKR with “Buy” recommendation on April 09, 2024. Fox Advisors started covering the stock on March 14, 2024. It rated AMKR as “an Equal weight”.
Price Performance Review of AMKR
On Tuesday, AMKOR Technology Inc. [NASDAQ:AMKR] saw its stock fall -5.25% to $27.98. Over the last five days, the stock has lost -6.64%. AMKOR Technology Inc. shares have fallen nearly -15.90% since the year began. Nevertheless, the stocks have risen 34.71% 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 10/29/24. SMA at 50 days reached $30.61, while 200 days put it at $32.77.
Levels Of Support And Resistance For AMKR Stock
The 24-hour chart illustrates a support level at 25.33, which if violated will result in even more drops to 22.68. On the upside, there is a resistance level at 29.40. A further resistance level may holdings at 30.82. The Relative Strength Index (RSI) on the 14-day chart is 36.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.08%. Stochastics %K at 32.95% indicates the stock is a holding.
How much short interest is there in AMKOR Technology Inc.?
A steep rise in short interest was recorded in AMKOR Technology Inc. stocks on 2024-10-15, growing by 0.74 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.24 million shares. There was a rise of 18.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 29, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $32 price target.
