AAOI is trading 4% up at $197.99 in pre-market action as shares stage a recovery following last week's selloff triggered by a $600 million at-the-market stock offering plan.
- The stock faced significant pressure during several volatile sessions last week, including a 7.2% drop immediately following the equity raise announcement.
- With no fresh company-specific news this morning, the move appears to be a short-term bounce as investors reassess dilution concerns and recent gains.