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Applied Optoelectronics Surges 6% as $600M Share Sale Program Closes; Lumentum Sits Out the Rally, Corning Edges Higher
Source: 247wallst.com
Company FundamentalsMarket Technicals & Flows
Applied Optoelectronics (NASDAQ: AAOI) completed its $600 million at-the-market equity program, removing the share supply overhang described in the article. The article says clearing known share supply can lift a stock quickly but reports no specific share-price move.
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mildly positive
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