Optical Communication Stocks Edge in After-Hours, AXTI Up 2.84%, LITZ Up 0.46%
Optical communication stocks traded with modest moves in Friday's (September 4) after-hours session. AXTI(AXTI.US) climbed 2.84% to $63.39, leading the sector after reaching a session high of $64.20, up 4.15%. LITZ(LITZ.US) edged up 0.46% to $8.30. Among mainstream names, LITE(LITE.US) slipped 0.14% to $880.00, GLW(GLW.US) declined 0.19% to $154.00, COHR(COHR.US) gained 0.06% to $282.04, MRVL(MRVL.US) fell 0.47% to $222.49, NOK(NOK.US) rose 0.10% to $10.04, AAOI(AAOI.US) advanced 0.14% to $105.68, and POET(POET.US) dipped 0.13% to $7.91. Among derivative names, MVLL(MVLL.US) led decliners with a 1.21% drop to $26.17, while AAOX(AAOX.US) fell 0.28% to $10.80 and LITX(LITX.US) slipped 0.58% to $29.20.
On the news front, the optical communication sector lacked clear catalysts in after-hours trading, with most names having digested prior positives during regular hours. Light post-market volume kept moves contained, with AXTI standing out on relatively active trading. The broader group maintained a narrow range as investors await further industry demand data for direction.
