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Lumentum Holdings (LITE) in Focus: Stock Moves Up 10.9%
Lumentum Holdings Limited (LITE - Free Report) was a big mover last session, as the company saw its shares rise almost 11% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 36.5% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lumentum Holdings has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the broader medical sector is ABIOMED, Inc. , sporting a Zacks Rank #1 (Strong Buy).
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