Shares of U Power Limited (NASDAQ: UCAR) shares moved lower during Monday’s session after the company announced pricing of registered follow-on offering of 10 million units at a purchase price of $1.20 per unit.
Needham raised the price target for Ciena Corporation (NYSE: CIEN) from $50 to $60. Needham analyst Alex Henderson maintained a Buy rating. Ciena shares rose 15.8% to close at $49.98 on Thursday.