Amkor Technology (AMKR) Surges 7.7%: Is This an Indication of Further Gains?

Amkor Technology (AMKR) shares ended the last trading session 7.7% higher at $33.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.6% loss over the past four weeks.The upswing came after Needham analyst Charles Shi initiated coverage of the company with a Buy rating and a price target of $40.This chip packaging and test services provider is expected to post quarterly earnings of $0.10 per share in its upcoming ...