Lumentum is trading 4.1% up at $735.86 as shares rebound from recent dilution worries tied to convertible notes and profit-taking following a sharp AI-driven rally.
- Investors are re-entering the stock amid modestly positive broader tech sentiment in pre-market trading after last week's pullback.
- The move suggests the market is digesting previous concerns regarding the exchange of convertible notes into common stock.
- Market participants continue to monitor valuation and potential dilution overhang despite the current recovery.