Weekly Insider Money Tracking: Amkor Technology announces secondary offering of 10M shares
1 | Below is a look at the top insider trades with the biggest value in the past week.
$Amkor Technology (AMKR.US)$, a provider of semiconductor packaging and test services, has announced that 915 Investments, LP plans to offer 10,000,000 shares of the Company’s common stock in a secondary underwritten public offering on September 6th.
The selling stockholder, an investment vehicle for members of the Kim family, intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Common Stock. All shares in the offering will be sold by the selling stockholder, with Amkor not receiving any proceeds from the sale of these shares.
Following the sale, members of the Kim family and their affiliates will still hold a majority of Amkor's shares. James J. Kim, the founder and Executive Chairman of the Board of Directors of Amkor, and Susan Y. Kim, the Executive Vice Chairman of the Board, are affiliated with the selling stockholder.
2 | Weekly Congress tracking
There is no congress trading activity filings for the week.
Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions. Individual investors could potentially make use of thisalternative data of the latest Senate stock disclosuresto obtainmarket insights.
Source: Benzinga, Finviz, UnusualWhales
Disclaimer: Past performance can't guarantee future results. Investing involves risk and the potential to lose principal. This article is for information and illustrative purposes only.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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