Verified Investing on $LITE (Nov 6, 2026)
LITE fell more than 45% within a week after earnings failed to help and a possible Marvel acquisition, then kept selling; it is only slightly recovering and remains near lows. If the sell-off continues, it may revisit prior pivot points from a year ago around $400; it is down more than 54% from October highs, a 55% decline.
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Lumintum Holdings (LITE) Company. The earnings results didn't help her, but within a week, right? It dropped more than 45%, guys, after there was a possibility of Marvel acquiring it.
Then the selling continued, didn't it? We're recovering a little today, but we're almost at those low levels. "Lumintom," you'll see exactly where it bounced here when you bridged this gap.
That's exactly the level of major support. That gap has not been completely closed, but this is the main level I have been monitoring previously. If the sell-off continues, we may be looking back at those previous pivot points from a year ago around $400.
Who would have thought that? Complete retreat. LITE stock has fallen from its October highs by more than 54%, a decline of 55%.
What this channel has said about $LITE
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