COHH is trading at $5.33, down 18.24% from the September 11 close of $6.53, as persistent AI-photonics selling weighed on shares.
- The ETF targets 200% of Coherent’s daily move, magnifying weakness in COHR.
- COHR was reported down 6.5% premarket amid post-earnings profit-taking, insider selling, and a weak technology tape.
- Broader AI-stock pressure, elevated oil prices, and rate-hike concerns added to risk-off sentiment; no fresh company-specific announcement was identified.