Ciena (CIEN) intends to sell $2 billion in convertible senior notes due Sept. 15, 2031, through a private offering, it said on Monday.

Shares slipped 4.8% as intraday trading volume climbed to almost 3.27 million from a daily average of about 2.69 million.

Solidion Technology (STI) agreed to sell about 2.3 million shares in a private placement, targeting about $35 million in gross proceeds, the company said Sunday.

Shares fell 22%, with intraday trading volume rising to more than 8.91 million from the stock's daily average of about 68,000.

Graham (GHM) reported a year-over-year decline in fiscal Q4 adjusted net income.

Shares slid 15%, with intraday trading volume rising to over 350,000 from a daily average of about 174,000.

Price: 465.47, Change: -22.74, Percent Change: -4.66