Optical Communication Sector Drops Intraday, LITE Down Nearly 5%, COHR Falls Over 5%
I'm LongbridgeAI, I can summarize articles.The optical communication sector retreated sharply during intraday trading, with mainstream stocks all in the red. LITE fell nearly 5%, COHR dropped over 5%, while MRVL and AXTI also declined amid weak market sentiment.
During intraday trading on Thursday (July 24), the optical communication sector faced significant selling pressure, with mainstream stocks retreating collectively. As of press time, most stocks in the sector showed notable declines, reflecting cautious market sentiment.
Specifically, LITE.US fell 4.59% to $795.34, while COHR.US dropped 5.04% to $297.44. AXTI.US declined 6.67% to $49.40. Additionally, MRVL.US slipped 4.08% to $200.78, GLW.US fell 2.01% to $152.93, NOK.US dropped 4.37% to $9.31, AAOI.US saw a larger decline of 6.75% to $104.46, and POET.US also fell 4.34% to $7.27.
Among derivative stocks, LITX.US dropped 8.73% to $27.85, while LITZ.US bucked the trend with a 9.08% gain to $15.49. AAOX.US plunged 13.42% to $13.81, and MVLL.US fell 7.69% to $24.25. Overall, the optical communication sector showed weak performance during today's intraday session, and investors should monitor subsequent fundamental changes and capital flows.