Optical Communication Stocks Fall in Overnight Session, LITE Down Nearly 1%, AXTI Down Over 1%, GLW Drops 2%
I'm LongbridgeAI, I can summarize articles.During the overnight session on Tuesday (July 28), optical communication stocks retreated broadly. Among mainstream names, LITE.US fell nearly 1%, AXTI.US dropped over 1%, and GLW.US declined about 2%. COHR.US and MRVL.US both fell more than 1%, as the sector faced overall pressure.
Optical communication stocks traded broadly lower during the overnight session on Tuesday (July 28). As of 9:45 PM ET (UTC-4), most mainstream names in the sector closed down, reflecting cautious market sentiment.
Among specific stocks, LITE.US last traded at $647.00 in the overnight session, down 0.76% from the previous close of $651.93, a decline of nearly 1%. AXTI.US was at $42.32, down 1.03% from $42.76, falling over 1%. GLW.US showed weaker performance, trading at $122.97, down 2.41% from $126.01. COHR.US was at $241.93, down 0.58% from $243.33. MRVL.US traded at $173.84, down 0.36% from $174.47.
Among other names, NOK.US was at $8.89 in the overnight session, down 0.45%; AAOI.US at $87.58, down 0.64%; and POET.US at $6.76, flat compared to the previous close. On the derivative side, LITX.US traded at $18.00, down 1.26%; LITZ.US had no overnight data; AAOX.US was at $9.40, down 1.36%; and MVLL.US at $17.81, down 0.72%. Overall, the optical communication sector lacked significant buying support during the overnight session, with most stocks retreating along with the broader market.