Lumentum Holdings Inc. [LITE] stock was sold by Sepe Matthew Joseph at the price of US$0.26 million


Lumentum Holdings Inc.’s filing revealed that its Chief Accounting Officer Sepe Matthew Joseph unloaded Company’s shares for reported $0.26 million on Aug 29. In the deal valued at $86.20 per share,3,030 shares were sold. As a result of this transaction, Sepe Matthew Joseph now holds 25,288 shares worth roughly $ 1.78 million.

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Then, Ali Wajid sold 8,781 shares, generating $811,937 in total proceeds. Upon selling the shares at $92.47, the EVP & Chief Financial Officer now owns 31,194 shares.

Before that, Lillie Brian sold 2,000 shares. Lumentum Holdings Inc. shares valued at $180,000 were divested by the Director at a price of $90.00 per share. As a result of the transaction, Lillie Brian now holds 12,837 shares, worth roughly $0.9 million.

BofA Securities initiated its Lumentum Holdings Inc. [LITE] rating to a Buy in a research note published on Monday, September 06, 2022; the price target was $105. PT values the company’s stock at a premium of 32.97 to its Monday closing price. JP Morgan also remained covering LITE and has increased its forecast on January 26, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Rosenblatt revised its rating on November 05, 2021. It rated LITE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of LITE

On Monday, Lumentum Holdings Inc. [NASDAQ:LITE] saw its stock fall -1.65% to $70.38. On the same session, the stock had its day’s lowest price of $69.94, but rose to a high of $72.435. Over the last five days, the stock has lost -5.47%. Lumentum Holdings Inc. shares have fallen nearly -33.46% since the year began. Nevertheless, the stocks have fallen -24.60% over the past one year. While a 52-week high of $108.90 was reached on 01/04/22, a 52-week low of $65.66 was recorded on 10/14/22. SMA at 50 days reached $74.11, while 200 days put it at $85.37. A total of 1.79 million shares were traded, compared to the trading of 0.75 million shares in the previous session.

Levels Of Support And Resistance For LITE Stock

The 24-hour chart illustrates a support level at 69.40, which if violated will result in even more drops to 68.42. On the upside, there is a resistance level at 71.90. A further resistance level may holdings at 73.41. The Relative Strength Index (RSI) on the 14-day chart is 42.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.62%. Stochastics %K at 34.77% indicates the stock is a holding.

How much short interest is there in Lumentum Holdings Inc.?

A steep rise in short interest was recorded in Lumentum Holdings Inc. stocks on Jul 14, 2022, growing by 70000.0 shares to a total of 8.06 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.99 million shares. There was a rise of 0.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.89.

Lumentum Holdings Inc. [LITE] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 8,842,455 shares, or roughly 12.99% of the outstanding LITE shares. In other words, the investor’s shares have fallen by -800,733 from its previous 13-F filing of 9643188.0. Additionally, The Vanguard Group, Inc. decreased -3.09% of its stake after which the total value it holdings stand at $426,434,910, while BlackRock Fund Advisors reduced -3.44% of its stake to hold $375.53 million in the firm. Over the last quarter, AllianceBernstein LP purchased 237,747 shares of Lumentum Holdings Inc., while Columbia Management Investment Ad bought -4,042 shares. At present, SSgA Funds Management, Inc. is holding 1,876,785 shares valued at $128.69 million. Managed Account Advisors LLC owned 1,564,140 shares of the company at the time of its most recent 13F filing, worth $107.25 million.


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