Lumentum Holdings Inc is trading 4.1% down now at $906.00 after recent strength tied to a $650.4 million debt-for-equity exchange and S&P 500 inclusion left shares vulnerable to profit-taking.
- The pullback is occurring alongside a broader sell-off in AI and semiconductor names as investors rotate out of high-valuation tech.
- Broader market pressure is mounting due to rising interest rate expectations and general Nasdaq weakness.