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Lumentum and Applied Optoelectronics Stocks Decline Amid Equity Offering

Lumentum and Applied Optoelectronics stocks experienced declines, with Applied Optoelectronics sinking 12% following a $600 million equity offering. This news also impacted Lumentum and Coherent, which saw drops of 5%.

24 Aug, 13:22 — 24 Aug, 15:22
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Source Diversity

Source Diversity

Moderate (27/100)
2 sources— more sources would strengthen this score15/33
Spectrum spread2/5 buckets covered8/33
Far L
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Right (1)
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Far R
Geographic diversity1 region4/34
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Only 2 sources cover this story