Movement Alert｜Lumentum Holdings Falls 3.11% in Pre-Market Trading, Profit-Taking Extends After Nasdaq 100 Inclusion as Optical Sector Correction Deepens

Market Focus05-19 20:11

On May 19, Lumentum Holdings fell 3.11% in pre-market trading, trading at $860.46/share, with trading volume of approximately $48.84 million. The decline extends a multi-day correction that has accelerated following the company's official inclusion in the Nasdaq 100 index on May 18.

The stock has retreated sharply from its all-time high above $1,050 reached in mid-May, driven by broad profit-taking across the optical communications sector. On the Nasdaq 100 inclusion day itself, Lumentum fell over 4% in regular trading as investors locked in gains. The broader sector saw significant selling pressure, with Applied Optoelectronics falling over 10%, Credo Technology and Fabrinet declining over 6%, and Coherent dropping over 5%.

Despite the near-term correction, CITIC Securities maintains a Buy rating on Lumentum with a target price of $1,186, citing the company's strong positioning in EML lasers, co-packaged optics (CPO), and optical circuit switches (OCS), with volume ramp expected in the second half of calendar year 2026.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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