Amkor Technology Is Due For A Rebound

MarketGyrations
3.15K Followers

Summary

  • The Q2 report was better than the Q1 report and it addressed the issue that caused some concerns as to what may lie ahead for AMKR.
  • The stock was cruising along until a couple of SEC filings emerged, which caused the stock to drop by double digits in mid-September.
  • The recent drop in the stock could be seen as an opportunity to get in, especially with multiples where they are.
  • Much has improved and nothing has really gotten worse, which means staying long is warranted.

Solitary Microprocessor Isolated on White

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The last few weeks have been tough for Amkor Technology (NASDAQ:AMKR). The stock reached its high for the year in mid-September, but it has since fallen off. Insider selling seems to have affected the stock, which had

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