Lumentum Holdings Inc’s recently made public that its Officer VINCENT D RETORT acquired Company’s shares for reported $3.5 million on Jan 22 ’25. In the deal valued at $99.49 per share,35,153 shares were bought.
Then, Ali Wajid sold 29,887 shares, generating $2,542,159 in total proceeds. Upon selling the shares at $85.06, the EVP & CHIEF FINANCIAL OFFICER now owns 56,492 shares.
Before that, WAJID ALI bought 29,887 shares. Lumentum Holdings Inc shares valued at $2,542,158 were divested by the Officer at a price of $85.06 per share.
Barclays upgraded its Lumentum Holdings Inc [LITE] rating to an Overweight from a an Underweight in a research note published on January 17, 2025; the price target was increased to $125 from $80. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid August has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum also remained covering LITE and has increased its forecast on December 22, 2023 with a “Buy” recommendation from previously “Hold” rating. Rosenblatt revised its rating on August 18, 2023. 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 -0.88% to $84.31. Over the last five days, the stock has gained 13.67%. Lumentum Holdings Inc shares have risen nearly 0.43% since the year began. Nevertheless, the stocks have risen 53.46% over the past one year. While a 52-week high of $104.00 was reached on 01/22/25, a 52-week low of $38.28 was recorded on 01/27/25. SMA at 50 days reached $87.33, while 200 days put it at $62.98.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 80.09, which if violated will result in even more drops to 75.86. On the upside, there is a resistance level at 87.25. A further resistance level may holdings at 90.18. The Relative Strength Index (RSI) on the 14-day chart is 47.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.76%. Stochastics %K at 40.67% 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 2025-01-15, dropping by -1.21 million shares to a total of 10.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 11.79 million shares. There was a decline of -11.42%, which implies that there is a negative sentiment for the stock.
