Lumentum Holdings Inc (NASDAQ: LITE) stock enjoyed a major increase of 13.9% on 11/8/24. The shares closed at $83.85. Moreover, this advance was accompanied by exceptionally high trading volume at 447% of normal. The stock has risen 31.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LITE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Lumentum Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Lumentum Holdings has a poor Appreciation Score of 22 but a very high Power Rating of 93, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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