AAOI Stock Dips 10% Overnight After $600M Equity Offering Triggers Dilution Concerns
Retail sentiment for AAOI dipped to ‘bearish’ following the ATM providing announcement. Traders debate whether or not the $600 million providing would dilute shares, whereas some argue the capital is important for enlargement within the trade’s ongoing upcycle. Applied Optoelectronics’ rivals Coherent and Lumentum posted stronger-than-expected This autumn outcomes and upbeat outlooks final week. Applied…
