Applied Optoelectronics rises premarket as insider sale filings arrive
Applied Optoelectronics shares rose 3.54% to $177.40 in premarket trading Wednesday after six senior officers filed Form 144 notices for proposed sales totaling about 201,489 shares, or $34.8 million. The filings followed a May 14 agreement allowing the company to sell up to $600 million in stock through Raymond James and Needham. The stock closed Tuesday at $171.33, down 1.1%.