Lumentum stock snaps back after 6% slide as traders eye next catalyst
Lumentum shares climbed 5.2% to $712.51 Friday, rebounding after a 6.4% drop the previous session. The stock has swung sharply in late February amid heavy trading and options activity. Investors await updates at the March 2 Morgan Stanley tech conference. Lumentum last forecast fiscal Q3 revenue of $780–$830 million.