Applied Optoelectronics’ stock blasts off toward record gain on heavy volume, after upbeat earnings outlook and upgrade

Shares of Applied Optoelectronics Inc.

zoomed 65.1% higher in very active midday trading Friday, to pace all gainers listed on the Nasdaq, after the maker of optical communications products provided an upbeat outlook for the current quarter. The stock was headed for the biggest one-day gain since it went public in August 2018, and the highest close since February 2021. Trading volume soared to 22.5 million shares, compared with a full-day average of about 3.6 million shares.

zoomed 65.1% higher in very active midday trading Friday, to pace all gainers listed on the Nasdaq, after the maker of optical communications products provided an upbeat outlook for the current quarter. The stock was headed for the biggest one-day gain since it went public in August 2018, and the highest close since February 2021. Trading volume soared to 22.5 million shares, compared with a full-day average of about 3.6 million shares.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sinclair Inc. Q2 Results Slip As Company Touts Reorganization As A Way Of “Unlocking Hidden Value”Sinclair Inc. reported an 8% year-over-year drop in total revenue to $768 million in the second quarter as losses widened and the company declared a newly intensified focus on unlocking “hidd…
Source: DEADLINE - 🏆 109. / 63 Read more »

Datadog, Snowflake stocks rise after Amazon’s upbeat AWS commentarySoftware stocks including Datadog Inc. and Snowflake Inc. got a lift in Thursday’s after-hours action after Amazon.com Inc. gave upbeat commentary about its...
Source: MarketWatch - 🏆 3. / 97 Read more »