A Guide To The Risks Of Investing In Lumen Technologies Inc. (LUMN)


In a filing, Lumen Technologies Inc. revealed its Director CLONTZ STEVEN T acquired Company’s shares for reported $26700.0 on Nov 29. In the deal valued at $5.34 per share,5,000 shares were bought. As a result of this transaction, CLONTZ STEVEN T now holds 340,029 shares worth roughly $ 1.21 million.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Then, CLONTZ STEVEN T bought 5,000 shares, generating $31,550 in total proceeds. Upon buying the shares at $6.31, the Director now owns 335,029 shares.

Before that, Bejar Martha Helena bought 12,500 shares. Lumen Technologies Inc. shares valued at $79,500 were divested by the Director at a price of $6.36 per share. As a result of the transaction, Bejar Martha Helena now holds 101,430 shares, worth roughly $0.36 million.

Citigroup downgraded its Lumen Technologies Inc. [LUMN] rating to a Sell from a a Neutral in a research note published on Friday, February 08, 2023; the price target was decreased to $3.50 from $6.25. PT values the company’s stock at a premium of -1.71 to its Friday closing price. Wells Fargo also remained covering LUMN and has decreased its forecast on October 05, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating.

Price Performance Review of LUMN

On Friday, Lumen Technologies Inc. [NYSE:LUMN] saw its stock fall -1.39% to $3.56. On the same session, the stock had its day’s lowest price of $3.49, but rose to a high of $3.60. Over the last five days, the stock has lost -7.29%. Lumen Technologies Inc. shares have fallen nearly -31.80% since the year began. Nevertheless, the stocks have fallen -62.99% over the past one year. While a 52-week high of $12.54 was reached on 01/24/23, a 52-week low of $3.50 was recorded on 02/24/23. SMA at 50 days reached $5.00, while 200 days put it at $8.13. A total of 19.44 million shares were traded, compared to the trading of 26.12 million shares in the previous session.

Levels Of Support And Resistance For LUMN Stock

The 24-hour chart illustrates a support level at 3.50, which if violated will result in even more drops to 3.44. On the upside, there is a resistance level at 3.61. A further resistance level may holdings at 3.66. The Relative Strength Index (RSI) on the 14-day chart is 27.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.95%. Stochastics %K at 4.35% 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 Jan 30, 2023, growing by 7.39 million shares to a total of 142.27 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 134.88 million shares. There was a rise of 5.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.89.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 111,672,031 shares, or roughly 10.79% of the outstanding LUMN shares. In other words, the investor’s shares have fallen by -2,664,908 from its previous 13-F filing of 114336939.0. Additionally, BlackRock Fund Advisors decreased -24.36% of its stake after which the total value it holdings stand at $289,324,193, while SSgA Funds Management, Inc. reduced -12.97% of its stake to hold $282.95 million in the firm. Over the last quarter, Invesco Capital Management LLC purchased 27,163,073 shares of Lumen Technologies Inc., while Southeastern Asset Management, In bought -18,741,439 shares. At present, Temasek Holdings Pte Ltd. is holding 31,262,051 shares valued at $164.13 million. Pacer Advisors, Inc. owned 21,586,236 shares of the company at the time of its most recent 13F filing, worth $113.33 million.

According to FactSet, Lumen Technologies Inc.’s share price will average $4.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.73 percent from its previous closing price of $3.61. Analysts expect Lumen Technologies Inc. stock to reach the higher price of $8.80, while the lowest price estimate is $3.50. However, 14 analysts have rated LUMN stock as an Underweight in their predictions for 2023.


Please enter your comment!
Please enter your name here