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POET Technologies Inc. (NASDAQ:POET) shares jumped in Friday’s premarket session. Traders are leaning into the week’s fast-moving rebound narrative.
The move follows the company pushing back on short-seller claims and a sharp prior pullback.
Risk appetite is also supportive with tech leadership, and the tape is still reacting to profit-taking on Thursday after an earlier surge.
What Is Driving POET Technologies Stock Today?
The latest move follows a volatile stretch in which POET ripped about 75% earlier in the week, then retreated on Thursday as traders took profits after the company’s CFO, Thomas Mika, dismissed a Wolfpack Research report as a “big nothing burger.”
Mika also confirmed a business relationship with Marvell Technology, Inc. (NASDAQ:
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