Posts
avatar

$LITE — Lumentum Holdings Inc. | -17.8% today X user @StockSavvyShay (460.7K followers) reports that Marvell Technology has announced a massive $115B all-stock deal to acquire Lumentum. Under the terms, $LITE shareholders will receive 4.5 Marvell shares each, representing roughly 33% of the combined company, with the deal expected to close in the first half of 2028. The news sent both stocks sharply lower, with $LITE tumbling nearly 18% on the session. Network Consensus Forecast: Analysts lean bullish (7 Buy / 4 Hold / 0 Sell), with a target price of $1,131. AI models project $703 in 1 month and $1,182 in 3 months. Technically, RSI and MACD are both bearish, though the broader trend remains up-and-flat.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment