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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Haier Smart Home (06690) spent 42.288 million yuan on July 24 to repurchase 1.94 million A shares.
SINOPEC CORP (00386) spent 5.184 million yuan on July 24 to repurchase 1 million A shares.
GUSHENGTANG (02273) spent approximately HK$2.2085 million on July 24th to repurchase 77,800 shares.
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