Finisar Under Selling Pressure After Analyst Comment

Finisar Corporation FNSR shares are trading lower by $3.00 (7.7 percent) at $31.78 in Friday's session. The issue is under extreme selling pressure due to cautious comments from Craig-Hallum.

After a lower open, it continued in that direction for three minutes until it found support at $31.30. That low comes in between its February 10 low ($32.15) and its February 9 low ($31.45). Since making that low, it rebounded to make a new high for the session at $32.80, but now is attempting to remain in the $32.00 handle.