Lumentum Holdings Inc’s recent filing unveils 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 $2.72 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.
Northland Capital upgraded its Lumentum Holdings Inc [LITE] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late March from “an Outperform” to “a Strong buy”. Exane BNP Paribas also remained covering LITE and has increased its forecast on March 11, 2025 with a “an Outperform” recommendation from previously “Neutral” rating.
Price Performance Review of LITE
On Monday, Lumentum Holdings Inc [NASDAQ:LITE] saw its stock jump 2.13% to $52.36. Over the last five days, the stock has gained 0.19%. Lumentum Holdings Inc shares have fallen nearly -37.63% since the year began. Nevertheless, the stocks have risen 15.89% 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 04/04/25. SMA at 50 days reached $68.33, while 200 days put it at $68.61.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 50.63, which if violated will result in even more drops to 48.90. On the upside, there is a resistance level at 54.87. A further resistance level may holdings at 57.38. The Relative Strength Index (RSI) on the 14-day chart is 40.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.55%. Stochastics %K at 26.00% 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 2025-03-31, growing by 51446.0 shares to a total of 10.39 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 10.34 million shares. There was a rise of 0.5%, which implies that there is a positive sentiment for the stock.
