Coherent (COHR) stock jumps 7% toward a 52-week high — what traders are watching next week
Coherent shares closed up 6.8% at $248.18 Friday after trading between $228.63 and $252.43, with 6.3 million shares changing hands. The move comes as President Trump raised a new global import tariff to 15% for 150 days, affecting tech supply chains. Broader markets also rose, with the S&P 500 up 0.69% and the Nasdaq up 0.90%. Investors await Nvidia’s earnings midweek for signals on the AI sector.