POET Technologies Inc is trading 5.2% down at $14.67 as the stock continues to face pressure from recent securities-fraud class action lawsuit headlines.
- The downward move appears to be a continuation of the legal overhang, with no new company-specific announcements released in the pre-market session.
- Broader market sentiment is also weighing on the stock, with the Nasdaq down 1.33% amid a generally weak tape for technology companies.