Large Outflow of Money Witnessed in Lumentum Holdings Inc.

Lumentum Holdings Inc. (LITE) had an volatile session and gained 0.15 points till last call. The price was at $38.1, gaining 0.4% till the last intraday data. The total uptick value was $4.14 million while the total downtick value was $9.82 million. The shares saw a net money flow of $(-5.68) million and the up/down ratio stood at 0.42. The stock has seen a change of of 1.87% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-5.01) million. Almost $0 million were received in upticks and approximately $5.01 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Lumentum Holdings Inc. has lost 1.17% in the last five trading days and dropped 1.42% in the last 4 weeks. Lumentum Holdings Inc. is up 13.39% in the last 3-month period. Year-to-Date the stock performance stands at -1.42%. Lumentum Holdings Inc. (NASDAQ:LITE) rose 0.4% or 0.15 points on Wednesday and made its way into the gainers of the day. After trading began at $38.5 the stock was seen hitting $38.5 as a peak level and $37.05 as the lowest level. The stock ended up at $38.1. The daily volume was measured at 1,105,209 shares. The 52-week high of the share price is $45.25 and the 52-week low is $19.65. The company has a market cap of $2,291 million.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Alan S Lowe (CEO and President) sold 5,221 shares at 36.05 per share price.On Nov 22, 2016, Vincent Retort (EVP and COO) sold 620 shares at 40.50 per share price.On Nov 17, 2016, Aaron Tachibana (CFO) sold 5,180 shares at 40.22 per share price.

Lumentum Holdings Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.44. The company had revenue of $258.10 million for the quarter, compared to analysts expectations of $251.95 million. The companys revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Lumentum Holdings Inc was Upgraded by Raymond James to Strong Buy on Nov 7, 2016.

Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Companys operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California.


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