Fabrinet ( (FN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Fabrinet’s stock experienced a significant surge due to a strategic agreement with Amazon, which includes a warrant allowing Amazon to purchase shares of Fabrinet. This deal is anticipated to boost revenue by $4.2 million in the third fiscal quarter of 2025. Although Fabrinet lowered its earnings per share guidance by 12 cents due to a non-cash stock-based accounting adjustment, the positive sentiment from the Amazon deal overshadowed these concerns, causing the stock to rise sharply and trading volumes to soar. This rally has helped the stock recover from earlier losses this year.
More about Fabrinet
YTD Price Performance: -8.39%
Average Trading Volume: 694,148
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.12B
For further insights into FN stock on TipRanks’ Stock Analysis page.
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