🟢 Lumentum is trading 5% up in pre-market after sector-wide optical selloff

Lumentum is trading at $793.00, up 5.38% in pre-market on October 23, in an apparent rebound after the prior session’s optical-sector selloff; the immediate trigger is unclear.

• Shares fell 11.54% to $752.54 in the October 22 session.
• The selloff also hit Credo Technology, Marvell, Coherent, Applied Optoelectronics and AXT; available reporting attributed it to sector-wide pressure, not a Lumentum-specific catalyst.
• No new company-specific announcement explaining the pre-market rise was identified.