Lumentum Holdings Inc’s filing revealed 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 $3.55 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.
Exane BNP Paribas upgraded its Lumentum Holdings Inc [LITE] rating to an Outperform from a a Neutral in a research note published recently. Barclays also remained covering LITE and has increased its forecast on January 17, 2025 with a “an Overweight” recommendation from previously “an Underweight” rating. Needham maintained its rating on August 15, 2024. It rated LITE as “a Buy”.
Price Performance Review of LITE
On Monday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock jump 7.39% to $68.31. Over the last five days, the stock has gained 18.99%. Lumentum Holdings Inc shares have fallen nearly -18.63% since the year began. Nevertheless, the stocks have risen 45.16% 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 03/10/25. SMA at 50 days reached $78.97, while 200 days put it at $67.16.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 65.17, which if violated will result in even more drops to 62.04. On the upside, there is a resistance level at 69.94. A further resistance level may holdings at 71.58. The Relative Strength Index (RSI) on the 14-day chart is 47.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.21%. Stochastics %K at 41.13% 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 2025-02-28, growing by 0.69 million shares to a total of 10.34 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 9.64 million shares. There was a rise of 6.71%, which implies that there is a positive sentiment for the stock.
