Stocks Under $20: Arlo Technologies, Applied Optoelectronics

Group 1: Arlo Technologies Inc - Arlo Technologies' shares increased by 3.5% to $12.27 following the announcement of a $50 million stock repurchase program [1] - The stock has risen 28.3% in 2024, although it remains below its 52-week high of $17.64 reached in mid-July [1] - Short interest in Arlo Technologies has increased by 21.5% over the last month, now representing 6.2% of the stock's available float, with a cover time of over six days based on average trading volume [1] Group 2: Applied Optoelectronics Inc - Applied Optoelectronics' stock rose by 18% to $16.59 after showcasing its 1.6T OSFP DR8 LPO modal at the European Conference on Optical Communications [2] - The stock has increased by 75.8% year over year but has seen a decline of 14.6% in 2024, indicating a potential entry point for investors [2] - Options trading activity surged, with 13,000 calls and 1,274 puts traded, which is six times higher than the average intraday volume, particularly in the October 20 call contract [2]