Fabrinet (FN) Moves 4.9% Higher: Will This Strength Last?

Fabrinet (FN) shares rallied 4.9% in the last trading session to close at $179.42. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.8% loss over the past four weeks.The optimism surrounding the stock is largely driven by demand for Fabrinet’s data center interconnect products and coherent ZR modules. Additionally, the company has added 50% more manufacturing space at the Chonburi campus to drive long-term g ...