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Why CyberOptics Stock Was Shooting Nearly 30% Higher Today

·2 min read

One big star of the stock market on Monday was a relatively obscure specialty tech company: CyberOptics (NASDAQ: CYBE). The manufacturer of precision 3D sensing technology agreed to be acquired by a peer for quite a hefty premium to its share price. As a result, its share price was rocketing more than 29% higher as of late-session trading on the day.