COHH is trading 21.8% up today as a broader risk-on move in U.S. equities and strength in its underlying stock, Coherent (COHR), drive significant gains.
- Supportive macro sentiment following reduced Middle East tensions and stable interest rates is lifting growth and AI-linked names.
- Resilient U.S. economic data and joint U.S.–Japan currency intervention are further improving market risk appetite, amplifying moves in leveraged products.