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Will Lumen Technologies Inc (LUMN) benefit from Wall Street bulls Calls?

Lumen Technologies Inc (NYSE: LUMN) is -42.08% lower on its value in year-to-date trading and has touched a low of $0.78 and a high of $2.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LUMN stock was last observed hovering at around $1.06 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.06, the stock is -4.00% and -12.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.41 million and changing 0.00% at the moment leaves the stock -24.66% off its SMA200. LUMN registered -51.60% loss for a year compared to 6-month loss of -37.65%.

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The stock witnessed a -19.08% gain in the last 1 month and extending the period to 3 months gives it a -22.63%, and is -4.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.66% over the week and 6.57% over the month.

Lumen Technologies Inc (LUMN) has around 28000 employees, a market worth around $1.08B and $14.11B in sales. Profit margin for the company is -76.21%. Distance from 52-week low is 35.88% and -51.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.31%).

with sales reaching $3.25B over the same period.The EPS is expected to shrink by -161.09% this year, but quarterly earnings will post -10.90% year-over-year.

Lumen Technologies Inc (LUMN) Top Institutional Holders

The shares outstanding are 1.01B, and float is at 991.03M with Short Float at 14.18%.

Lumen Technologies Inc (LUMN) Insider Activity

The most recent transaction is an insider purchase by Johnson Kathleen E,the company’sPresident & CEO. SEC filings show that Johnson Kathleen E bought 750,000 shares of the company’s common stock on May 02 ’24 at a price of $1.28 per share for a total of $0.96 million. Following the purchase, the insider now owns 7.76 million shares.

Lumen Technologies Inc disclosed in a document filed with the SEC on Mar 01 ’24 that SIEGEL LAURIE (Director) bought a total of 30,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $1.60 per share for $47997.0. Following the transaction, the insider now directly holds 30000.0 shares of the LUMN stock.

Still, SEC filings show that on Feb 26 ’24, GLENN T MICHAEL (Director) acquired 50,000 shares at an average price of $1.47 for $73300.0. The insider now directly holds 272,019 shares of Lumen Technologies Inc (LUMN).

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