Optical Communications Sector Falls in Post-Market Trading, LITE Down Nearly 9%, AXTI Plunges Over 10%
I'm LongbridgeAI, I can summarize articles.During Thursday's post-market session in Eastern Time, the optical communications sector retreated broadly. LITE fell nearly 9%, AXTI dropped over 10%, while mainstream names like GLW, COHR, and MRVL declined between 6% and 9%, reflecting weak market sentiment.
During the post-market session on Thursday, July 24 (Eastern Time), the optical communications sector faced significant selling pressure, with mainstream stocks retreating broadly. As of press time, most stocks in the sector fell more than 6%, indicating a clear shift in market sentiment.
Specifically, LITE.US dropped nearly 9% in post-market trading to $765.50, while AXTI.US plunged over 10% to $47.15. Among other mainstream names, GLW.US fell 6.44% to $145.20, COHR.US declined 6.66% to $281.70, and MRVL.US dropped 7.90% to $192.70. Additionally, NOK.US edged down 1.21% to $8.99, AAOI.US fell 8.48% to $99.30, and POET.US declined 4.28% to $6.92.
On the derivative front, LITX.US traded at $25.598, LITZ.US at $16.440, AAOX.US at $12.360, and MVLL.US at $22.200 in post-market hours, all following the sector's downward trend. Overall, the optical communications sector lacked buying support during the post-market session and may continue to consolidate in the near term.