Coherent Corp. COHR shares are trading lower on Thursday after the company announced plans to sell its epitaxial fabrication facility in Illinois.
What To Know: The company said its plans to sell its epitaxial fabrication facility come as part of its initiatives to optimize its manufacturing footprint.
The 65,000 square foot facility is located six miles from the University of Illinois at Urbana-Champaign and comprises of four buildings and a variety of fabrication and characterization equipment.
How To Buy Coherent Shares
By now you’re likely curious about how to participate in the market for Coherent – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Coherent, which is trading at $68.33 as of publishing time, $100 would buy you 1.46 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
COHR Price Action: At the time of writing, Coherent shares are trading 3.03% lower at $69.32, according to data from Benzinga Pro.
Image: This illustration was generated using artificial intelligence via Midjourney.
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