Lumentum stock jumps 10% as a new 2x ETF debuts and earnings loom
Lumentum Holdings shares jumped 10.4% to $367.04 Tuesday, with volume at 2.8 million after hitting $373.72 intraday. Tradr ETFs launched a leveraged ETF tied to Lumentum’s daily moves. Coherent, Ciena, and Applied Optoelectronics also rose. Lumentum reports fiscal Q2 results after markets close Feb. 3.