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Stock impact report

Lumentum (LITE) Jumps 7.9% Ahead of S&P 500 Inclusion [Yahoo! Finance]

Lumentum Holdings Inc. (LITE) 
Last lumentum holdings inc. earnings: 2/4 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Lumentum Holdings rallied for a fourth straight day on Wednesday, climbing 7.89 percent to finish at $700.81 apiece, as investors continued to load up portfolios ahead of its official inclusion in the S&P 500 next week. Earlier this month, Lumentum Holdings Inc. (NASDAQ:LITE) was named as the new addition to the said benchmark index effective Monday, March 23, marking a significant milestone and promotion from the S&P MidCap 400. Typically, listed companies see a significant movement in their share prices before their official addition or removal from indices, as funds and institutional investors reposition their portfolios to mirror the composition of the index being tracked. Lumentum (LITE) Jumps 7.9% Ahead of S&P 500 Inclusion asharkyu/Shutterstock.com “Inclusion in the S&P 500 is a monumental achievement for our company and a credit to our global workforce. It reflects our vital role in helping customers build next-generation AI infrastructure,” Lumentum Holdings Inc. ( Show less Read more
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