Stock Track | Amkor Technology Soars 5% Intraday on Earnings Anticipation and Analyst Optimism

Stock Track
18 hours ago

Amkor Technology's stock surged 5% during Monday's intraday trading session, as investors positioned ahead of the company's fourth-quarter earnings report scheduled after the closing bell.

The move comes amid heightened options activity, with call volume significantly outpacing puts, implying market expectations for a positive post-earnings reaction. Analysts have recently shown optimism, with several firms raising price targets and maintaining Buy ratings ahead of the results.

Consensus estimates project quarterly earnings of 44 cents per share on revenue of $1.84 billion, improvements from the year-ago period. The company previously reported better-than-expected third-quarter results, contributing to positive sentiment.

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