Lumentum (LITE) Shares Advance Following Nasdaq-100 Inclusion

Fiona Craig

Mon, May 11, 2026 astatine 9:07 AM CDT 1 min read

Lumentum Holdings Inc. (NASDAQ:LITE) shares gained 4.8% connected Monday aft the institution was selected for inclusion successful the Nasdaq-100 Index.

Nasdaq announced connected Friday that Lumentum would regenerate CoStar Group Inc. (NASDAQ:CSGP) successful the scale earlier the opening doorbell connected May 18, 2026.

Index Addition Expected to Boost Demand for Shares

The Nasdaq-100 tracks the 100 largest non-financial companies listed connected the Nasdaq exchange.

Inclusion successful the benchmark often leads to accrued buying enactment due to the fact that index-tracking and passive concern funds are required to acquisition shares successful bid to reflector the creation of the index.

As a result, funds linked to the Nasdaq-100 are expected to adhd Lumentum shares to their portfolios.

Milestone Reflects Company’s Market Growth

Lumentum specializes successful optical and photonic technologies utilized successful communications networks and commercialized laser applications.

The company’s summation to the Nasdaq-100 marks a important milestone tied to its enlargement successful marketplace capitalization and increasing beingness among large technology-related companies listed connected the exchange.

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