Optical Communication Stocks Edge Lower in Overnight Trading, Axonics Down 0.67%, AAOI Down 0.30%
Optical communication stocks showed mixed movements in overnight trading on Wednesday (October 1). Axonics (AXTI) slipped 0.67% to $81.26, Applied Optoelectronics (AAOI) declined 0.30% to $107.00, and Nokia (NOK) fell 0.19% to $10.35. Lumentum (LITE) edged down 0.10% to $1,044.71, while Coherent (COHR) dropped 0.13% to $318.77. Marvell Technology (MRVL) rose 0.21% to $268.65, POET (POET) gained 0.13% to $7.65, and Corning (GLW) edged up 0.08% to $160.55.
On the news front, the optical communication sector lacked significant catalysts during overnight hours, with relatively light trading volume. Stocks within the sector showed mixed performance, with Marvell Technology, POET, and Corning posting modest gains while Axonics and Applied Optoelectronics retreated slightly. Among derivative ETFs, LITX rose 0.23%, MVLL gained 0.22%, AAOX fell 0.66%, and LITZ declined 0.69%, with volatility generally in line with underlying stocks.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| LITX | LITX.US | 39.06 | +0.23% |
| MVLL | MVLL.US | 36.82 | +0.22% |
| Marvell Technology | MRVL.US | 268.65 | +0.21% |
| POET | POET.US | 7.65 | +0.13% |
| Corning | GLW.US | 160.55 | +0.08% |
| Lumentum | LITE.US | 1044.71 | -0.10% |
| Coherent | COHR.US | 318.77 | -0.13% |
| Nokia | NOK.US | 10.35 | -0.19% |
| Applied Optoelectronics | AAOI.US | 107.00 | -0.30% |
| AAOX | AAOX.US | 10.58 | -0.66% |
| Axonics | AXTI.US | 81.26 | -0.67% |
| LITZ | LITZ.US | 20.26 | -0.69% |