Lumentum (LITE) stock wobbles as new 2x ETF debuts and earnings draw closer
Lumentum Holdings shares fell 0.9% to $381.55 Thursday afternoon after a volatile session and a two-day rally that lifted the stock 16%. Trading volume stayed elevated as a new leveraged ETF, Tradr 2X Long LITE Daily ETF (LITX), launched this week. Lumentum will report fiscal Q2 earnings Feb. 3 after the close, with a conference call at 5 p.m. ET.