Lumentum Holdings Inc’s filing revealed that its PRESIDENT, INDUSTRIAL TECH. Retort Vincent unloaded Company’s shares for reported $3.73 million on Nov 25 ’24. In the deal valued at $89.52 per share,41,710 shares were sold. As a result of this transaction, Retort Vincent now holds 147,515 shares worth roughly $12.83 million.
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Then, Johnson Julia Suzanne sold 2,058 shares, generating $176,618 in total proceeds. Upon selling the shares at $85.82, the Director now owns 23,287 shares.
Before that, COVERT HAROLD L sold 5,416 shares. Lumentum Holdings Inc shares valued at $477,211 were divested by the Director at a price of $88.11 per share. As a result of the transaction, COVERT HAROLD L now holds 3,313 shares, worth roughly $0.29 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 Tuesday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock fall -0.25% to $86.98. Over the last five days, the stock has gained 5.46%. Lumentum Holdings Inc shares have risen nearly 65.93% since the year began. Nevertheless, the stocks have risen 102.23% over the past one year. While a 52-week high of $91.21 was reached on 11/25/24, a 52-week low of $38.28 was recorded on 08/05/24. SMA at 50 days reached $70.61, while 200 days put it at $54.24.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 86.02, which if violated will result in even more drops to 85.06. On the upside, there is a resistance level at 88.44. A further resistance level may holdings at 89.90. The Relative Strength Index (RSI) on the 14-day chart is 67.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.10%. Stochastics %K at 85.07% indicates the stock is a selling.
How much short interest is there in Lumentum Holdings Inc?
A steep rise in short interest was recorded in Lumentum Holdings Inc stocks on 2024-11-15, growing by 0.9 million shares to a total of 10.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.7 million shares. There was a rise of 8.52%, which implies that there is a positive sentiment for the stock.
