Q: Lumine stock has been firm over past few days and seems to have broken out to new highs Today. ( Relative to TOI and CSU ). Is there any news, you are aware of, or, it's the stock technically coming out of consolidation ?
Thanks
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5i Research Answer:
TOI is only a few percentage points from a new high. LMN hit another today, now up 22% YTD and 40% over one year. It closed an acquisition July 3 but there has been no material news here and does look like consolidation, or 'catch up' to other tech stocks which have surged since April.