Coherent stock may benefit from a Lumentum buyout, but there’s a catch
Coherent (COHR) has lost momentum in recent weeks, even as the artificial intelligence boom continues and its main rival, Lumentum, has surged. COHR is trading at $239, down 45% from its high for the year. Technical signals suggest the stock could be close to a bearish breakout, even as Marvell Technology reportedly weighs a takeover
