Optics Stocks Tumble as Profit Taking Cuts Into Big Yearly Gains: Applied Optoelectronics Drops 9%, Coherent Falls 5%, Lumentum Slides 4%

Optical-component shares are falling as investors sell the group after a year of extraordinary gains, with the sharpest pressure on the stocks that had risen furthest. Applied Optoelectronics is down 9% to $111; the supplied article text provides no further details.