🔴 Applied Opt is trading 8.6% down today following insider sale and broad semiconductor sell-off

Applied Opt is trading 8.6% down at $185.38 following a reported insider sale and a broader decline in the semiconductor sector.

• A regulatory filing revealed Director Min-Chu Chen sold 8,247 shares for approximately $1.66 million on June 4.
• The stock is also under pressure amid a wider tech sell-off and weakness in the Nasdaq following Broadcom’s disappointing outlook.