Optical Communications Stocks Mixed in Overnight Trading, COHR Down 2%, GLW Down 1%
I'm LongbridgeAI, I can summarize articles.Optical communications stocks traded mixed overnight. Coherent(COHR.US) fell 2%, Corning(GLW.US) dropped 1%, while POET(POET.US) edged up 0.24%. Most names saw minor pullbacks in light overnight volume.
Optical communications stocks showed mixed performance in overnight trading on Thursday (July 16), with most names posting modest declines. Coherent(COHR.US) fell 2.47% to $292.00 in overnight session, touching a low of $285.41. Corning(GLW.US) declined 1.14% to $172.43, with overnight lows at $170.00. Lumentum(LITE.US) slipped 0.40% to $748.99, Marvell(MRVL.US) fell 0.39% to $205.45, Nokia(NOK.US) dropped 1.07% to $11.13, AAOI(AAOI.US) declined 0.39% to $108.66, and AXTI(AXTI.US) edged down 0.26% to $53.28. POET(POET.US) bucked the trend with a 0.24% gain to $8.29.
On the news front, optical communications stocks saw light overnight trading volume with most names following the broader market's modest pullback. Names with significant prior gains faced some profit-taking pressure in overnight session, though overall declines remained limited. Among derivative ETFs, LITX(LITX.US) fell 1.30%, LITZ(LITZ.US) rose 0.49%, AAOX(AAOX.US) dropped 0.38%, and MVLL(MVLL.US) declined 0.96%.