Why Applied Optoelectronics Stock Was Soaring This Week

The company had encouraging news to report about its latest offering, and it was also on the receiving end of fresh analyst price target raises.News of an initial volume order of a product from a customer in a highly promising segment was providing plenty of power to Applied Optoelectronics (AAOI 8.51%) stock this week. Several analyst price target hikes added to the bullishness.As of mid-session trading Friday, the advanced optical device maker's stock was up by nearly 23% in value, according to data compi ...