AMKR - Engaging In Options Activity Megan Faust Exercises Options Valued At $65K In Amkor Tech | Benzinga
A substantial insider activity was disclosed on January 23, as Faust, CFO at Amkor Tech (NASDAQ:AMKR), reported the exercise of a large sell of company stock options.
What Happened: Faust, CFO at Amkor Tech, exercised stock options for 2,700 shares of AMKR stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The exercise price of the options was $9.48 per share.
As of Wednesday morning, Amkor Tech shares are up by 0.9%, with a current price of $33.67. This implies that Faust's 2,700 shares have a value of $65,313.
Discovering Amkor Tech: A Closer Look
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.
Amkor Tech: Financial Performance Dissected
Decline in Revenue: Over the 3 months period, Amkor Tech faced challenges, resulting in a decline of approximately -12.57% in revenue growth as of 30 September, ...