Why Shares of Laser Specialist II-VI Fell 12.3% in August
Shares of leading laser specialist II-VI (NASDAQ: IIVI) plunged 12.3% in August, according to data from S&P Global Market Intelligence . That was a big loss compared with the S&P 500's 7% August gain.
Despite the drop, II-VI (pronounced, "two-six") is still leading the index for the year to date, with shares up 11.5% so far in 2020, compared with the S&P 500's 3.1% gain.
II-VI's shares took a major hit on Aug. 14, despite impressive Q4 2020 earnings, for the quarter ending June 30, 2020.
Source Fool.com
