Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lumentum Holdings Inc shares valued at $170,161 were sold by Ali Wajid on Feb 18 ’25. At $78.34 per share, Ali Wajid sold 2,172 shares. The insider’s holdings dropped to 51,976 shares worth approximately $3.62 million following the completion of this transaction.
Also, WAJID ALI purchased 2,172 shares, netting a total of over 170,161 in proceeds.
Before that, VINCENT D RETORT had added 35,153 shares to its account. In a trade valued at $3,497,372, the Officer bought Lumentum Holdings Inc shares for $99.49 each.
Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. As of August 15, 2024, Needham has reiterated its “Buy” rating for LITE. Earlier on December 22, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for LITE stock which previously was a “a Hold”.
Analyzing LITE Stock Performance
During the last five days, there has been a drop of approximately -8.80%. Over the course of the year, Lumentum Holdings Inc shares have dropped approximately -17.07%. Shares of the company reached a 52-week high of $104.00 on 01/22/25 and a 52-week low of $67.66 on 02/25/25. A 50-day SMA is recorded $84.27, while a 200-day SMA reached $66.05.
Support And Resistance Levels for Lumentum Holdings Inc (LITE)
According to the 24-hour chart, there is a support level at 67.52, which, if violated, would cause prices to drop to 65.43. In the upper region, resistance lies at 73.64. The next price resistance is at 77.67. RSI (Relative Strength Index) is 34.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.92, which suggests the price will decrease in the coming days. Percent R is at 91.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
