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37.82
16.76%
5.43
After Hours:
37.86
0.04
+0.11%
Why is Applied Optoelectronics Inc (AAOI) Stock down?
We've noticed a 8.49% decline in Applied Optoelectronics Inc (AAOI) stock during the 2024-12-17 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
30 Nov, 2023:
Shares of Applied Optoelectronics Inc (AAOI) dropped by 11.07% from $14.90 to $13.25 in the trading on Thursday, November 30, 2023. The reason why AAOI is down today is due to the company's announcement of a proposed private offering of $80 million in convertible senior notes due in 2026. This announcement likely raised concerns or uncertainties among investors, leading to the stock's decline.
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