Coherent Shares Surge 3.25% on $430M Volume Ranking 250th as European Semiconductor Pact Sparks $500M Revenue Outlook

. 15, 2025, , ranking it 250th in market activity. The laser technology firm’s shares saw renewed institutional interest following a strategic partnership announcement with a European semiconductor manufacturer, signaling potential demand growth in its industrial laser segment. , though supply chain constraints remain a near-term risk.

Technical indicators suggest short-term momentum remains intact, with the stock holding above key support levels after a six-week consolidation phase. , indicating reduced bearish pressure. However, sector-wide volatility in the broader tech index has limited upside potential, .

Back-testing parameters for the strategy require precise definitions: the market universe should exclude ETFs and penny stocks, focusing on U.S.-listed common stocks. Rebalancing will occur daily with a 1-day holding period, using equal weighting across selected positions. Frictions like bid-ask spreads and slippage will be modeled using close-to-close assumptions for simplicity. Performance metrics will include cumulative returns, , and max drawdown, with SPY serving as the benchmark for comparative analysis.