Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Lumentum’s stock pops as investors cheer a possible sale...
Business & Finance

Lumentum’s stock pops as investors cheer a possible sale to Marvell

Lumentum’s stock pops as investors cheer a possible sale to Marvell
MarketWatch Wednesday 28 October 2026, 22:08 UTC By Britney Nguyen 1 min read
Key Points

An agreement between the companies could come next week, Bloomberg reported

An agreement between the companies could come next week, Bloomberg reported
Lumentum (ORG) Marvell (ORG) Bloomberg (ORG)
Originally published by MarketWatch Read original →

Related Stories

On debut, Jio 2nd most valuable company, behind only parent Reliance Industries

MUMBAI: Jio Platforms, the telecoms-to-technology arm of the RIL group, had a blockbuster listing on Wednesday, becoming the second most valued company in India and the fifth most valued telecom services provider in the world, on debut. The stock listed at Rs 1,358, a 21% premium over its initial public offering price of Rs 1,119, and rallied to close the session at Rs 1,419, up 27%. This gave the company a market capitalisation of Rs 13.1 lakh crore, putting it behind only its parent...

Times of India 17m ago

Petrobras Pumps at Record as Iran War Upends Oil Markets

Brazil’s state-controlled oil producer Petrobras lifted production to a record and ran its refineries near full capacity in the third quarter, helping the country weather disruptions to global energy markets from the Iran war.

Bloomberg Markets 22m ago

Adam Mosseri says negativity around AI is ‘going to get worse’

Asked about AI and the trend of college students booing tech CEOs at graduation ceremonies, Instagram head Adam Mosseri acknowledged in an interview that a lot of people really don't like AI, and it's not just young people and creatives. Appearing on the Colin and Samir podcast to talk about the launch of widescreen and long-form video for Instagram, Mosseri said he thinks there's a trend of "more anxiety and more frustration and more anger about AI," particularly in creative industries:...

The Verge 22m ago

SC summons Sanjay Raut in contempt case

Supreme Court Wednesday directed Shiv Sena (UBT) Rajya Sabha MP Sanjay Raut to appear before it in person over a contempt petition for his remarks against CJI Surya Kant and the judiciary. Although journalist Nikhil Wagle is also facing the same charge of scandalising the institution, he has been exempted from physical appearance and asked to be present virtually as he was represented by a lawyer in the court proceedings on Wednesday. A bench of Justices Aravind Kumar and Vipul M Pancholi...

Times of India 27m ago