Lumentum Holdings Inc’s recently made public that its EVP & CHIEF FINANCIAL OFFICER Ali Wajid unloaded Company’s shares for reported $0.19 million on Jun 04 ’25. In the deal valued at $83.58 per share,2,222 shares were sold. As a result of this transaction, Ali Wajid now holds 47,460 shares worth roughly $4.07 million.
Then, LOWE ALAN S sold 10,000 shares, generating $835,800 in total proceeds. Upon selling the shares at $83.58, the Director now owns 270,471 shares.
Before that, ALAN S. LOWE bought 10,000 shares. Lumentum Holdings Inc shares valued at $835,800 were divested by the Director at a price of $83.58 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 4.02% to $85.78. Over the last five days, the stock has gained 4.47%. Lumentum Holdings Inc shares have risen nearly 2.18% since the year began. Nevertheless, the stocks have risen 82.86% 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.
Levels Of Support And Resistance For LITE Stock
The 24-hour chart illustrates a support level at 83.40, which if violated will result in even more drops to 81.01. On the upside, there is a resistance level at 88.19. A further resistance level may holdings at 90.59.
