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LITE’s CHIEF ACCOUNTING OFFICER, Sepe Matthew Joseph, sellss 9,903 shares.

Lumentum Holdings Inc’s recently made public that its CHIEF ACCOUNTING OFFICER Sepe Matthew Joseph unloaded Company’s shares for reported $0.49 million on Feb 15 ’24. In the deal valued at $49.23 per share,9,903 shares were sold. As a result of this transaction, Sepe Matthew Joseph now holds 33,188 shares worth roughly $1.79 million.

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Then, Johnson Julia Suzanne sold 1,163 shares, generating $51,370 in total proceeds. Upon selling the shares at $44.17, the Director now owns 22,032 shares.

Craig Hallum upgraded its Lumentum Holdings Inc [LITE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. BofA Securities also remained covering LITE and has decreased its forecast on July 18, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Barclays revised its rating on July 05, 2023. It rated LITE as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of LITE

On Tuesday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock jump 4.88% to $53.94. Over the last five days, the stock has gained 9.66%. Lumentum Holdings Inc shares have risen nearly 2.90% since the year began. Nevertheless, the stocks have fallen -4.92% over the past one year. While a 52-week high of $60.99 was reached on 02/06/24, a 52-week low of $35.35 was recorded on 04/22/24. SMA at 50 days reached $45.70, while 200 days put it at $46.58. A total of 1.49 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For LITE Stock

The 24-hour chart illustrates a support level at 52.16, which if violated will result in even more drops to 50.38. On the upside, there is a resistance level at 54.86. A further resistance level may holdings at 55.78. The Relative Strength Index (RSI) on the 14-day chart is 71.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.75%. Stochastics%K at 95.14% indicates the stock is a selling.

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