Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lumentum Holdings Inc shares valued at $3,497,372 were purchased by VINCENT D RETORT on Jan 22 ’25. At $99.49 per share, VINCENT D RETORT acquired 35,153 shares.
Also, Ali Wajid sold 29,887 shares, netting a total of over 2,542,159 in proceeds. Following the sale of shares at $85.06 each, the insider now holds 56,492 shares.
Before that, WAJID ALI had added 29,887 shares to its account. In a trade valued at $2,542,158, the Officer bought Lumentum Holdings Inc shares for $85.06 each.
As published in a research note from Barclays on January 17, 2025, Lumentum Holdings Inc [LITE] has been rated up from an Underweight to an Overweight and the price target has been revised to $125 from $80. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of December 22, 2023, Craig Hallum has increased its “Hold” rating to a “Buy” for LITE. Earlier on August 18, 2023, Rosenblatt upgraded its rating. Their new recommendation was “a Buy” for LITE stock which previously was a “a Neutral”.
Analyzing LITE Stock Performance
During the last five days, there has been a surge of approximately 10.35%. Over the course of the year, Lumentum Holdings Inc shares have jumped approximately 10.39%. Shares of the company reached a 52-week high of $104.00 on 01/22/25 and a 52-week low of $71.05 on 01/27/25. A 50-day SMA is recorded $87.68, while a 200-day SMA reached $63.69. Nevertheless, trading volume fell to 5.06 million shares from 2.86 million shares the previous day.
Support And Resistance Levels for Lumentum Holdings Inc (LITE)
According to the 24-hour chart, there is a support level at 88.88, which, if violated, would cause prices to drop to 85.09. In the upper region, resistance lies at 95.73. The next price resistance is at 98.79. RSI (Relative Strength Index) is 56.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.92, which suggests the price will decrease in the coming days. Percent R is at 34.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
