Lumentum is trading 6.7% up today at $774.52 as investors step back in following recent dilution concerns tied to convertible notes and heavy profit-taking after a sharp AI-driven rally.
- Traders are viewing the prior selling as overdone rather than fundamentally driven, helping the stock continue its rebound from last week’s volatility.
- Broader technology sentiment is modestly positive, providing additional support as the stock recovers from its recent pullback.