Applied Opt is trading 4.5% down today at $187.78 as the stock pulls back following an extremely volatile multi-day run-up driven by momentum buying in AI and optical networking names.
- The stock had surged double-digits several times over the past week amid upbeat sentiment on its optical advances and AI infrastructure exposure.
- Today’s move appears to be a normal pullback and profit-taking rather than a reaction to any new company-specific headline.