Why Poet Technologies Stock Plummeted This Week
Poet Technologies (NASDAQ: POET) stock got hit with a big pullback in this week's trading. The photonics company's share price fell 8.6% compared to where it stood at the end of the previous week's trading. The S 500 gained roughly 0.9% over the period, and the Nasdaq Composite climbed roughly 0.5%.
Poet stock pulled back this week in conjunction with news that it had finalized a deal worth roughly $400 million to sell new shares of its stock. Even with a pullback this week, the company's share price is still up 130.5% year to date.
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Source Fool.com
