LITE is trading at 2.7% down now at $779.42 as technical selling persists following its recent removal from several Russell value and mid-cap indices, which has forced passive index funds to unwind positions and added sustained pressure to the shares.[2] Despite broader U.S. equity indices trading modestly higher, LITE continues to lag as investors digest its sharp multi-day pullback after a parabolic AI-driven rally and resultant valuation concerns.[3][4]