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Do Traders Think Amkor Technology, Inc. (AMKR) Can Keep Climbing Friday?

Friday, November 18, 2022 11:27 AM | InvestorsObserver Analysts

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Do Traders Think Amkor Technology, Inc. (AMKR) Can Keep Climbing Friday?

Amkor Technology, Inc. (AMKR) stock is up 12.20% over the past week and gets a Bullish rating from InvestorsObserver 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 lower by -1.6% while the S&P 500 has risen 0.37% as of 11:21 AM on Friday, Nov 18. AMKR has fallen -$0.46 from the previous closing price of $28.78 on volume of 561,487 shares. Over the past year the S&P 500 is lower by -15.51% while AMKR has risen 15.83%. AMKR earned $3.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.51. To screen for more stocks like Amkor Technology, Inc. click here.

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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