Why Amkor Technology Stock Just Jumped Again
The news just keeps getting better and better for Amkor Technology (NASDAQ: AMKR) investors this week. On Monday, Amkor crushed earnings estimates for its fiscal 2020, reporting record sales and earnings that sent its stock up nearly 8%.
Then yesterday, S&P announced it is adding the stock to its S&P MidCap 400 stock index, an upgrade of sorts, as it's indicative of a heavier market capitalization for the stock.
And today? Amkor got a price target hike from Citigroup -- and the stock is up another 16.5% as of 12:20 p.m. EST.
Source Fool.com
