2024-05-12 23:35:32 ET
Summary
- Amkor Technology has been unable to move higher in 2024 after a huge rally, and there may be a good reason why this has happened.
- A mixed quarterly report did not help the stock either, even with a big earnings beat and AMKR calling for more improvement ahead.
- AMKR experienced more weakness than expected in some markets, but it is counting on other markets to make up for it.
- The stock has headed sideways for months, and there are several reasons why this pattern could continue in the short term.
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Amkor Technology: On Hold For A While