Optical Communication Stocks Fall, Marvell Down 7%, Coherent Down 4%

U.S. optical communication stocks retreated during regular trading on Thursday (August 28). Marvell Technology(MRVL.US) led the decline, falling 7.03% to $224.48, with an intraday low of $219.12. Coherent(COHR.US) dropped 4.04% to $283.45, touching a session low of $279.51. AAOI(AAOI.US) declined 3.67% to $109.12, while AXTI(AXTI.US) fell 3.90% to $64.31. LITE(LITE.US) slipped 2.73% to $930.04, POET(POET.US) lost 2.77% to $7.96, NOK(NOK.US) edged down 0.76% to $10.51, and GLW(GLW.US) declined 1.59% to $150.37.

Among derivative ETFs, MVLL(MVLL.US) plunged 14.48% to $27.11, amplifying the sector's losses. AAOX(AAOX.US) fell 7.19% to $11.75, and LITX(LITX.US) dropped 5.16% to $33.10. Notably, LITZ(LITZ.US) bucked the trend, rising 5.26% to $7.61 as the only gainer in the group. The broad-based selloff came after recent strong gains in optical communication names, with profit-taking accelerating amid weaker overall market sentiment.