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Stock impact report

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Lumentum Holdings Inc. – LITE

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Lumentum Holdings Inc. (NASDAQ:LITE) resulting from allegations that Lumentum may have issued materially misleading business information to the investing public. On April 16, 2018, Reuters reported that the U.S. Department of Commerce has banned American companies, including Lumentum, from selling components to Chinese telecom equipment maker ZTE Corporation for seven years after ZTE violated the terms of an agreement relating to a U.S. sanctions violation case. On this news, shares of Lumentum fell $5.83 per share or over 9% to close at $58.47 per share on April 16, 2018. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Lumentum investors. If you purchased shares of Lumentum please visit the firm’s we Show less Read more
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