In a filing, Lumentum Holdings Inc revealed its Officer WAJID ALI acquired Company’s shares for reported $0.17 million on Feb 18 ’25. In the deal valued at $78.34 per share,2,172 shares were bought.
Then, VINCENT D RETORT bought 35,153 shares, generating $3,497,372 in total proceeds.
Before that, Ali Wajid sold 29,887 shares. Lumentum Holdings Inc shares valued at $2,542,159 were divested by the EVP & CHIEF FINANCIAL OFFICER at a price of $85.06 per share. As a result of the transaction, Ali Wajid now holds 56,492 shares, worth roughly $4.53 million.
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 Tuesday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock jump 3.27% to $80.22. Over the last five days, the stock has lost -2.09%. Lumentum Holdings Inc shares have fallen nearly -4.44% since the year began. Nevertheless, the stocks have risen 61.77% 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 $86.75, while 200 days put it at $65.01.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 77.90, which if violated will result in even more drops to 75.58. On the upside, there is a resistance level at 81.85. A further resistance level may holdings at 83.48. The Relative Strength Index (RSI) on the 14-day chart is 44.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.87%. Stochastics %K at 17.23% indicates the stock is a buying.
