On Friday, the optical communications product supplier$Applied Optoelectronics (AAOI.US)$surged over 34%, reaching $21.289.
In terms of news, the company reached an agreement with Amazon, under which Amazon can purchase nearly 8 million shares of Applied Optoelectronics's common stock. According to the filing with the Securities and Exchange Commission, after signing the agreement, Amazon received warrants for the purchase of 1.3 million common shares.
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