Optical Communication Stocks Rise Broadly Intraday, AAOI Up Nearly 7%, AXTI Nearly 5%
The optical communication sector saw broad gains during intraday trading on October 2, with constituent stocks advancing across the board. AAOI stood out with the strongest performance, reaching a high of $117.70 and last trading at $114.44, up 6.64%. AXTI followed closely, rising 4.97% to $85.88. COHR gained 4.23% to $332.70, while LITE advanced 3.84% to $1,085.98.
Among derivative securities, AAOX led the sector with a 13.23% surge, and LITX climbed 8.01% to $42.09. However, LITZ bucked the trend, falling 7.72% to $18.83 as the only decliner in the group. MVLL rose 5.01% to $38.58, and POET gained 3.01% to $7.87.
Overall, the optical communication sector saw active trading today, with most stocks posting notable gains and market sentiment leaning positive. MRVL advanced 2.42% to $274.58, NOK rose 2.12% to $10.59, and GLW edged up 2.65% to $164.68.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 12.06 | +13.23% |
| LITX | LITX.US | 42.09 | +8.01% |
| AAOI | AAOI.US | 114.44 | +6.64% |
| MVLL | MVLL.US | 38.58 | +5.01% |
| AXTI | AXTI.US | 85.88 | +4.97% |
| COHR | COHR.US | 332.70 | +4.23% |
| LITE | LITE.US | 1085.98 | +3.84% |
| POET | POET.US | 7.87 | +3.01% |
| GLW | GLW.US | 164.68 | +2.65% |
| MRVL | MRVL.US | 274.58 | +2.42% |
| NOK | NOK.US | 10.59 | +2.12% |
| LITZ | LITZ.US | 18.83 | -7.72% |