LITX is trading at $29.65, up 3.82% during September 2, 2026 trading, as the AI-optics and photonics group rebounds after heavy selling.
- The gain reverses part of LITX’s 9.93% decline on September 1.
- Applied Optoelectronics’ $600 million equity offering renewed dilution concerns, pressuring the sector and dragging Lumentum and Coherent lower.
- The move most likely reflects short-covering and bargain buying, not a new fundamental announcement.