Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $3.33 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.
As published in a research note from Raymond James on March 24, 2025, Lumentum Holdings Inc [LITE] has been rated up from an Outperform to a Strong buy and the price target has been revised to $82 from $96. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. Earlier on January 17, 2025, Barclays upgraded its rating. Their new recommendation was “an Overweight” for LITE stock which previously was a “an Underweight”.
Analyzing LITE Stock Performance
During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, Lumentum Holdings Inc shares have dropped approximately -23.79%. Shares of the company reached a 52-week high of $104.00 on 01/22/25 and a 52-week low of $55.96 on 03/10/25. A 50-day SMA is recorded $76.03, while a 200-day SMA reached $68.10.
Support And Resistance Levels for Lumentum Holdings Inc (LITE)
According to the 24-hour chart, there is a support level at 62.90, which, if violated, would cause prices to drop to 61.82. In the upper region, resistance lies at 65.16. The next price resistance is at 66.33. RSI (Relative Strength Index) is 43.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 54.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
