Lumentum (LITE), like Corning (GLW), seems to be a stock that has never met a downtick. It just the past ten months, it is up something like 1200%. Why? What on Earth?!?
One thing’s for sure: it isn’t because it’s a bargain. Sheesh.
Turn Out The Lite
Lumentum shares have surged 1200% in just ten months, tracking a similar trajectory to Corning. Investors are questioning the sustainability of this rally as the stock's valuation reaches extreme levels.
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