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Finisar Corp. (FNSR) Sank To A 1-Month Low After Downgrade

Jefferies downgraded its rating on shares of Finisar Corp. (FNSR) Friday morning to "Underperform" from "Hold."

Finisar gapped open lower Friday and declined further in the afternoon. The stock finished down by 1.60 at $13.98 on strong volume. Finisar dropped to over a one-month low and fell below both its 50 and 200-day moving averages.

by RTTNews Staff Writer

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