Coherent stock price slips after-hours as Bain affiliate exits stake in $2.22 billion block sale
Coherent shares fell 3.3% to $216.10 in after-hours trading Thursday after a Bain Capital affiliate disclosed it sold its entire 9.44 million-share stake for $2.22 billion in a block trade. The seller now holds no Coherent stock. The sale comes as traders await U.S. inflation data and monitor for further stock supply.