Fabrinet is trading at $593 (-4.9%) as the stock extends a multi-day pullback fueled by lingering concerns over component and material shortages.
- The downward momentum follows a roughly 13% drop last week after management warned that supply constraints are impacting the company's datacom growth outlook.
- Shares are experiencing continued profit-taking after a strong prior rally, with no fresh company-specific news emerging today to counter the prevailing negative sentiment.