Lumentum Holdings Inc’s recently made public that its EVP & CHIEF FINANCIAL OFFICER Ali Wajid unloaded 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 sold. As a result of this transaction, Ali Wajid now holds 51,976 shares worth roughly $3.77 million.
Then, WAJID ALI bought 2,172 shares, generating $170,161 in total proceeds.
Before that, VINCENT D RETORT bought 35,153 shares. Lumentum Holdings Inc shares valued at $3,497,372 were divested by the Officer at a price of $99.49 per share.
A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Overweight”. Needham also remained covering LITE and reiterated its “Buy” recommendation on August 15, 2024. Craig Hallum revised its rating on December 22, 2023. It rated LITE as “a Buy” which previously was an “a Hold”.
Price Performance Review of LITE
On Friday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock fall -1.20% to $72.47. Over the last five days, the stock has lost -6.71%. Lumentum Holdings Inc shares have fallen nearly -13.67% since the year began. Nevertheless, the stocks have risen 50.95% 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 02/24/25. SMA at 50 days reached $85.34, while 200 days put it at $65.63.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 70.35, which if violated will result in even more drops to 68.23. On the upside, there is a resistance level at 75.24. A further resistance level may holdings at 78.01. The Relative Strength Index (RSI) on the 14-day chart is 35.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.87%. Stochastics %K at 6.85% indicates the stock is a buying.
