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.
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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.