Applied Optoelectronics is down 60%: is the selloff a buying opportunity?
FROM THE WIRE · FINANCE.YAHOO.COM
Applied Optoelectronics Inc. (NASDAQ:AAOI) has had a rough few days. Shares fell about 14% on October 8, about 7% on October 12, and another 9% to 12% on October 14, to the high $80s. The selloff hit the whole optical group, starting with profit-taking after big gains, and…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe selloff hit the whole optical group after warnings from Intel and Broadcom on AI funding constraints.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01AAOI shares fell about 14% on October 8, about 7% on October 12 and 9% to 12% on October 14.
- 02AAOI completed a $600 million stock sale on October 5 at an average price of about $105.
- 03The stock now trades below the average sale price and more than 60% below its 52-week high.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Applied Optoelectronics, Inc.77.73 USD+0.80%today +2.86%Negative Broadcom Inc.337.02 USD+0.38%today +2.52%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets