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Why Poet Technologies Stock Skyrocketed This Week


Poet Technologies (NASDAQ: POET) stock recorded massive gains over the last week of trading. The photonics company's share price surged 45.8% higher over the stretch.

Poet stock roared higher this week following news that the company had inked a major new deal with Lumilens. While the optics technologies specialist's share price saw a pullback in conjunction with the publication of the company's first-quarter results and the announcement of a substantial new fundraising move, the stock still closed out the last week of trading with huge gains.

Image source: Getty Images.

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Source Fool.com

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