Why These 5 Stocks Are Moving on Thursday

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1. NeoPhotonics Corporation (NYSE:NPTN) has surged over 38% after the company agreed to sell to Lumentum Holdings Inc. (NASDAQ:LITE) for $16 in cash per share subject to customary closing conditions. The deal is expected to close in the second half of calendar year 2022. Renaissance Technologies was long 2,192,157 shares of NeoPhotonics Corporation (NYSE:NPTN) at the end of Q2.

Disclosure: None.

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