Market update
What happened
Tower Semiconductor Ltd (TSEM) closed at 252.49 USD for the week ended Aug. 7, up 14.9% in weekly market data. Trading volume reached 17.6 million shares, running about 1.7 times its 13-week average.
The weekly price path over 52 weeks shows a rebound that has not fully repaired the broader tape. The stock is up 13.4% over four weeks but remains down -7.8% over twelve weeks, while an active trend reading is offset by Market Dynamics pressure at -0.63 and a Relative Strength reading of 50.1.