Lumentum is trading at $876.63, down 4.67%, amid a sharp after-hours semiconductor-sector selloff following Intel’s disappointing fourth-quarter outlook.
- Lumentum closed at $919.53 on October 29.
- Reported Marvell takeover talks had previously supported Lumentum, but no final agreement or deal terms have been reported.
- The move appears more consistent with sector pressure than with a newly reported company-specific catalyst.