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24.08.26 - 15:24
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Applied Optoelectronics Sinks 12% on $600M Equity Offering, Lumentum and Coherent Drop 5% (24/7 Wall St.)
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Applied Optoelectronics (NASDAQ:AAOI) stock is down 12% to $109.94 early Monday after the company disclosed a plan to raise $600 million through an at-the-market equity offering. The move takes back a slice of what had been a scorching run for the AI optical transceiver name. Applied Optoelectronics stock was up 258% year to date through ... Applied Optoelectronics Sinks 12% on $600M Equity Offering, Lumentum and Coherent Drop 5%...
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