AAOI stock slides nearly 11% after $41 pop; what Applied Optoelectronics investors watch next
Applied Optoelectronics shares dropped 10.7% to $35.35 by early afternoon Monday, erasing an earlier surge above $41. The move came despite gains in chip stocks and heavy trading volume. Investors are watching for updates on 800G transceiver shipments and the company’s late-February earnings. About 19.5% of the float was sold short as of mid-December.