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14 March
Applied Optoelectronics Soars Following Share Purchase Agreement With Amazon

(RTTNews) - Shares of Applied Optoelectronics, Inc. (AAOI) are surging more than 35 percent on Friday morning after the optical products maker said it has signed an agreement for ecommerce giant Amazon.com to purchase about 8 million of shares.

In a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday the company said it has issued a warrant to Amazon.com, Inc. to purchase up to 7.95 million of shares.

Applied Optoelectronics shares, currently $21.60, have traded in the range of $6.70 - $44.50 in the last 1 year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Risk warning: Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.
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