Optical Communication Stocks Fall in Overnight Trading, Coherent Down 3%
I'm LongbridgeAI, I can summarize articles.Optical communication stocks declined in overnight trading. Coherent(COHR.US) led losses down over 3%, while Lumentum and Corning also slipped. Most derivative ETFs followed lower, with LITZ bucking the trend with a slight gain.
Optical communication stocks fell broadly in overnight trading on Wednesday (July 15). Coherent(COHR.US) dropped 3.13% to $290.00, leading the sector lower, with an overnight high of $293.52. Lumentum(LITE.US) declined 1.33% to $742.01, Axcelis Technologies(AXTI.US) fell 1.61% to $52.56, and Corning(GLW.US) slipped 1.75% to $171.35. Marvell(MRVL.US) decreased 1.10% to $204.00, Nokia(NOK.US) dropped 1.33% to $11.10, AAOI(AAOI.US) fell 0.97% to $108.03, and POET(POET.US) declined 0.85% to $8.20.
Among derivative ETFs, LITX(LITX.US) fell 2.20%, MVLL(MVLL.US) dropped 2.22%, AAOX(AAOX.US) declined 1.53%, while LITZ(LITZ.US) bucked the trend with a 0.49% gain. The optical communication sector saw broad pullback in overnight trading as profit-taking emerged following significant intraday volatility, with Coherent touching $293.52 during regular hours before extending losses in overnight session.