Lumentum Holdings Inc’s filing revealed that its EVP & CHIEF FINANCIAL OFFICER Ali Wajid unloaded Company’s shares for reported $2.54 million on Nov 29 ’24. In the deal valued at $85.06 per share,29,887 shares were sold. As a result of this transaction, Ali Wajid now holds 56,492 shares worth roughly $5.24 million.
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, WAJID ALI bought 29,887 shares, generating $2,542,158 in total proceeds.
Before that, Retort Vincent sold 41,710 shares. Lumentum Holdings Inc shares valued at $3,733,828 were divested by the PRESIDENT, INDUSTRIAL TECH. at a price of $89.52 per share. As a result of the transaction, Retort Vincent now holds 147,515 shares, worth roughly $13.7 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 Friday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock jump 0.22% to $92.84. Over the last five days, the stock has gained 6.75%. Lumentum Holdings Inc shares have risen nearly 77.11% since the year began. Nevertheless, the stocks have risen 124.69% over the past one year. While a 52-week high of $95.92 was reached on 12/04/24, a 52-week low of $38.28 was recorded on 08/05/24. SMA at 50 days reached $74.57, while 200 days put it at $55.66.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 91.52, which if violated will result in even more drops to 90.20. On the upside, there is a resistance level at 94.19. A further resistance level may holdings at 95.54. The Relative Strength Index (RSI) on the 14-day chart is 67.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.20%. Stochastics %K at 85.46% 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.
