Poet Technologies Stock Crashed After Marvell Canceled Orders: What Comes Next?

Poet Technologies (NASDAQ: POET) stock has seen incredible volatility recently. While the company's share price rocketed 108% higher across last week's trading, the stock got crushed this Monday as the substantive grounds for the fiber-optics specialist's recent valuation rally evaporated. Poet stock closed out Monday's trading down roughly 47% -- a decline that wiped out nearly all of the gains that the stock had posted in the previous week. The company's share price had enjoyed a huge rally last week thanks to news that the business had seemingly secured and expanded a contract with a business associated with Marvell Technology, but Poet shareholders recently got some terrible news about the deal.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool