Magnachip Semiconductor (MX) Stock: Why The Price Increased Over 19%

By Amit Chowdhry ● Apr 26, 2022
  • The stock price of Magnachip Semiconductor Corp (NYSE: MX) increased by over 19% during intraday trading today. This is why.

The stock price of Magnachip Semiconductor Corp (NYSE: MX) increased by over 19% during intraday trading today. Investors are responding positively to a report from the Korea Economic Daily that South Korea-based LX Group will be submitting a letter of intent as early as next week for bidding on the company. 

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