🔴 Lumentum is trading 4.24% down today after Applied Optoelectronics’ equity offering

Lumentum is trading at $833.64, down -4.24%, after continued profit-taking and sympathy selling across AI-linked optical stocks.

• On September 3, 2026, broader indices are higher, limiting a market-wide explanation
• Recent sector pressure followed Applied Optoelectronics’ substantial equity offering, raising dilution concerns across the photonics complex
• No comparable corporate action occurred at Lumentum; AI-optics sector selling remains the clearest identified catalyst