LITE is trading 4.1% down at $823 in pre-market following technical pressure tied to recent index changes.
- Shares have been under pressure since the company was removed from the Russell 1000 Value and Russell Midcap Value indices in late June 2026.
- The removal forces passive funds tracking those benchmarks to sell their positions, creating a technical overhang on the stock.
- This selling pressure persists despite underlying fundamental strength driven by AI-related demand.