Short Sellers Are Betting Against Lumentum Stock. Will They Be Proven Right?

Lumentum (LITE) has surged 340% over the past year, driven by strong technical momentum. The stock recently set a new 10-year high. Shares maintain a 100% “Buy” opinion from Barchart. Analyst sentiment is bullish, with most rating LITE a “Strong Buy” although price targets vary widely. Today’s Featured Stock Valued at $27.71 billion, Lumentum (LITE)  is a manufacturer of innovative optical and photonic products. The company’s operating segment consists of Optical Communications and Commercial La ...