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Amkor Technology, Inc. (AMKR) Stock: What Does the Chart Say Tuesday?

Tuesday, August 02, 2022 02:16 PM | InvestorsObserver Analysts
Amkor Technology, Inc. (AMKR) Stock: What Does the Chart Say Tuesday?

The market has been high on Amkor Technology, Inc. (AMKR) stock recently. AMKR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Amkor Technology, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMKR!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AMKR Stock Today?

Amkor Technology, Inc. (AMKR) stock is up 7.96% while the S&P 500 has fallen -0.16% as of 2:13 PM on Tuesday, Aug 2. AMKR is up $1.63 from the previous closing price of $20.47 on volume of 1,188,314 shares. Over the past year the S&P 500 is lower by -6.27% while AMKR has fallen -12.51%. AMKR earned $2.82 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.86.

More About Amkor Technology, Inc.

Amkor Technology Inc is a provider of outsourced semiconductor packaging and test services to integrated device manufacturers, fabless semiconductor companies, and contract foundries. The firm's products are organized into two streams: advanced products, including flip chip, wafer-level processing and testing services; and mainstream products, including wirebond packaging and testing. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Ireland, Japan, Malaysia, Taiwan, Singapore, and countries across the world. Click Here to get the full Stock Report for Amkor Technology, Inc. stock.

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