Applied Optoelectronics Surges 6% as $600M Share Sale Program Closes; Lumentum Sits Out the Rally, Corning Edges Higher

Clearing known share supply can lift a stock quickly. Applied Optoelectronics (NASDAQ:AAOI) is showing how after completing its $600 million at-the-market equity program. Applied Optoelectronics stock is at $128.95, up 6% in morning trading. This jump stands out because the rest of the optics group is barely moving. Meanwhile, Lumentum Holdings (NASDAQ:LITE) stock is at […]