Applied Optoelectronics Stock Rises on Possible Continued Momentum as It Completes Share Sale
Applied Optoelectronics is rising Tuesday on possible continued momentum after the company completed its $600 million ATM equity offering.
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US stocks traded mixed with the Dow Jones index gaining over 150 points. Consumer staples shares jumped while information technology stocks fell. XPeng Inc shares fell 7% due to wider than expected loss and lower revenue outlook.
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Applied Optoelectronics is rising Tuesday on possible continued momentum after the company completed its $600 million ATM equity offering.
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