Lumentum is trading 6.2% up at $884.76 after reports that the FCC is drafting restrictions on imports of new Chinese optical transceivers, potentially benefiting U.S. suppliers.
- Reuters identified Lumentum among possible beneficiaries; the proposed rule remains unpublished and could change.
- Buying is broad across optical-communication stocks, with peers also advancing.
- The stock gained 8.92% on August 4 and 9.24% on August 3, reinforcing the sector-driven rally.