Applied Optoelectronics (AAOI) Falls 14% on Profit-Taking, Wait-And-See Mode

Applied Optoelectronics Inc. (NASDAQ:AAOI) is one of the 10 Stock Market Casualties You Can’t Ignore Today. Applied Optoelectronics fell by 14.11 percent on Friday to close at $87.54 apiece amid a combination of profit-taking and a broader market pessimism, thanks to the ongoing tensions in the Middle East. The drop can also be attributed to profit-taking activities, as investors turned sellers following a two-day rally that saw the company add an easy 18 percent, while mitigating risks from any potenti ...