Why Shares of Applied Optoelectronics Are Plummeting Today
While the S&P 500 (SNPINDEX: ^GSPC) is marching higher to start the week, shares of Applied Optoelectronics (NASDAQ: AAOI) are racing in the other direction. Extending their slide from Friday, shares of the advanced optical devices manufacturer are on bears' radars after an analyst provided a dour outlook on the stock.
As of 11:32 a.m. ET, Applied Optoelectronics are down 14.8%.
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Source Fool.com
