The Attractiveness of Investing In Lumen Technologies Inc. (LUMN) is Growing

0
3

Following these proceedings, Wells Fargo downgraded its Lumen Technologies Inc. [LUMN] rating to an Equal weight from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 26.0 to its Friday closing price. Citigroup also remained covering LUMN and has increased its forecast on November 04, 2021 with a “Neutral” recommendation from previously “Sell” rating. Oppenheimer revised its rating on May 20, 2021. It rated LUMN as “a Perform” which previously was an “an Outperform”.


Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored


Price Performance Review of LUMN

On Friday, Lumen Technologies Inc. [NYSE:LUMN] saw its stock jump 2.07% to $5.92. On the same session, the stock had its day’s lowest price of $5.68, but rose to a high of $6.05. Over the last five days, the stock has lost -19.35%. Lumen Technologies Inc. shares have fallen nearly -52.83% since the year began. Nevertheless, the stocks have fallen -56.85% over the past one year. While a 52-week high of $14.49 was reached on 01/10/22, a 52-week low of $5.78 was recorded on 11/04/22. SMA at 50 days reached $7.98, while 200 days put it at $10.32. A total of 42.79 million shares were traded, compared to the trading of 30.99 million shares in the previous session.

Levels Of Support And Resistance For LUMN Stock

The 24-hour chart illustrates a support level at 5.72, which if violated will result in even more drops to 5.51. On the upside, there is a resistance level at 6.09. A further resistance level may holdings at 6.25. The Relative Strength Index (RSI) on the 14-day chart is 31.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.50%. Stochastics %K at 19.90% indicates the stock is a buying.

How much short interest is there in Lumen Technologies Inc.?

A steep rise in short interest was recorded in Lumen Technologies Inc. stocks on Jul 14, 2022, growing by 13.39 million shares to a total of 147.07 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 133.68 million shares. There was a rise of 9.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 14.34.

Lumen Technologies Inc. [LUMN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 114,713,136 shares, or roughly 11.08% of the outstanding LUMN shares. In other words, the investor’s shares have risen by 2,523,696 from its previous 13-F filing of 112189440.0. Additionally, BlackRock Fund Advisors decreased -3.20% of its stake after which the total value it holdings stand at $530,411,766. Over the last quarter, SSgA Funds Management, Inc. sold -830,234 shares of Lumen Technologies Inc., while Southeastern Asset Management, In sold -13,250,752 shares. At present, Dimensional Fund Advisors LP is holding 20,401,388 shares valued at $148.52 million. Geode Capital Management LLC owned 19,780,500 shares of the company at the time of its most recent 13F filing, worth $144.0 million.

LEAVE A REPLY

Please enter your comment!
Please enter your name here