The optical communication sector rallied collectively during pre-market trading on September 21, with mainstream constituents posting broad gains. As of 6:45 AM ET, all eight mainstream stocks in the sector recorded positive returns, led by AXTI with a nearly 5% gain, while POET, GLW, COHR, and AAOI each advanced more than 3%.
Among key stocks, AXTI traded at $73.50 in pre-market, up 4.96% from the previous close; POET at $8.07, up 3.46%; GLW at $155.14, up 3.34%; and COHR at $327.76, up 3.28%. AAOI was at $108.55, up 3.21%; NOK at $11.00, up 3.00%. MRVL and LITE showed more modest gains of 2.90% and 2.48%, trading at $251.34 and $953.95 respectively.
Among derivative stocks, AAOX stood out with a 6.48% gain to $11.13 in pre-market; MVLL rose 5.68% to $32.75; LITX gained 5.16% to $32.99. Only LITZ moved inversely, declining 4.55% to $6.30. Overall, the optical communication sector showed positive sentiment in pre-market trading, with most stocks continuing their recent strong performance.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 11.13 | +6.48% |
| MVLL | MVLL.US | 32.75 | +5.68% |
| LITX | LITX.US | 32.99 | +5.16% |
| Axcelis | AXTI.US | 73.50 | +4.96% |
| POET Technologies | POET.US | 8.07 | +3.46% |
| Corning | GLW.US | 155.14 | +3.34% |
| Coherent | COHR.US | 327.76 | +3.28% |
| Applied Optoelectronics | AAOI.US | 108.55 | +3.21% |
| Nokia | NOK.US | 11.00 | +3.00% |
| Marvell | MRVL.US | 251.34 | +2.90% |
| Lumentum | LITE.US | 953.95 | +2.48% |
| LITZ | LITZ.US | 6.30 | -4.55% |