US Stock Market Move | Optical communication concept stocks rebound. Marvell Technology, Inc. (MRVL.US) rose more than 5%.
Concept stocks related to optical communication rebounded.
On Monday, stocks in the optical communication sector rebounded, after falling last Friday. As of the time of writing, Marvell Technology, Inc. (MRVL.US) rose over 5%, Applied Optoelectronics (AAOI.US) rose over 4.8%, Coherent (COHR.US) rose over 4.4%, and Lumentum (LITE.US) rose over 1.7%. In terms of news, UBS Group AG analyst Timothy Arcuri significantly raised the target price of Marvell Technology, Inc. from $230 to $340 on June 29, while maintaining a "buy" rating.
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ZHONGYU ENERGY (03633) spent 1.8272 million Hong Kong dollars on July 8 to repurchase 690,000 shares.
On July 8th, TUHU-W (09690) spent 4.5764 million Hong Kong dollars to buy back 34.82 thousand shares.
YNBY INTL (00030) spent HKD 3.3259 million on July 8 to repurchase 12.318 million shares.
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