-12.73% to $266.50 from $305.37
What moved COHR
- Shares fell about 11%, part of a broader decline across AI optical-connectivity peers.
- The selloff followed Corning’s disclosure of a $2 billion at-the-market equity offering, which dragged down a tight cluster of related optical-component suppliers.
Sources: 24/7 Wall St.
-4.85% to $275.49 from $289.52
What moved COHR
- Applied Optoelectronics disclosed a plan to raise up to $600 million through an at-the-market equity offering, which triggered a selloff in its own shares that rippled into peers including Coherent and Lumentum Holdings.
- The selling was concentrated in the optical-transceiver corner of the market, suggesting a dilution-driven, sector-specific reaction rather than a broader fundamental reset.
- It was the third large-scale equity raise by Applied Optoelectronics in 2026, following a $500 million raise in April and another $600 million at-the-market program established in May.
Sources: 24/7 Wall St. · Blockonomi