Lumentum Holdings Inc’s recent filing unveils that its Committee Member HERSCHER PENNY acquired Company’s shares for reported $0.18 million on Nov 18 ’24. In the deal valued at $81.95 per share,2,167 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Sepe Matthew Joseph sold 8,172 shares, generating $715,859 in total proceeds. Upon selling the shares at $87.60, the CHIEF ACCOUNTING OFFICER now owns 21,138 shares.
Before that, COVERT HAROLD L sold 15,000 shares. Lumentum Holdings Inc shares valued at $1,307,542 were divested by the Director at a price of $87.17 per share. As a result of the transaction, COVERT HAROLD L now holds 8,761 shares, worth roughly $0.71 million.
Needham reiterated its Lumentum Holdings Inc [LITE] rating to a Buy in a research note published on August 15, 2024; the price target was $70. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late December from “a Hold” to “a Buy”. Rosenblatt also remained covering LITE and has increased its forecast on August 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on July 18, 2023. It rated LITE as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of LITE
On Monday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock fall -1.12% to $80.54. Over the last five days, the stock has lost -7.13%. Lumentum Holdings Inc shares have risen nearly 53.64% since the year began. Nevertheless, the stocks have risen 84.01% over the past one year. While a 52-week high of $89.70 was reached on 11/11/24, a 52-week low of $38.28 was recorded on 08/05/24. SMA at 50 days reached $66.94, while 200 days put it at $53.27.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 79.69, which if violated will result in even more drops to 78.84. On the upside, there is a resistance level at 81.71. A further resistance level may holdings at 82.87. The Relative Strength Index (RSI) on the 14-day chart is 63.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.53%. Stochastics %K at 73.18% 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 2024-10-31, growing by 0.12 million shares to a total of 9.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.68 million shares. There was a rise of 1.19%, which implies that there is a positive sentiment for the stock.
