AAOI is trading 11.75% down at $168.00 as the stock continues to slide following last week’s sharp selloff tied to a $600 million at-the-market stock offering plan.
- Shares briefly bounced in pre-market trading on May 18, but regular-session trading shows renewed weakness as investors digest dilution concerns.
- The downward momentum persists amid a broadly cautious tech tape, extending the pressure from the recent offering announcement.