Lumen Technologies Inc’s filing revealed that its Director SIEGEL LAURIE acquired Company’s shares for reported $47997.0 on Mar 01 ’24. In the deal valued at $1.60 per share,30,000 shares were bought. As a result of this transaction, SIEGEL LAURIE now holds 30,000 shares worth roughly $40200.0.
Then, GLENN T MICHAEL bought 50,000 shares, generating $73,300 in total proceeds. Upon buying the shares at $1.47, the Director now owns 272,019 shares.
Before that, Fowler James bought 33,500 shares. Lumen Technologies Inc shares valued at $56,428 were divested by the Director at a price of $1.68 per share. As a result of the transaction, Fowler James now holds 216,538 shares, worth roughly $0.29 million.
Raymond James upgraded its Lumen Technologies Inc [LUMN] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “a Sell”. Wells Fargo revised its rating on October 05, 2022. It rated LUMN as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of LUMN
On Friday, Lumen Technologies Inc [NYSE:LUMN] saw its stock unchanged to $1.34. Over the last five days, the stock has lost -14.10%. Lumen Technologies Inc shares have fallen nearly -26.78% since the year began. Nevertheless, the stocks have fallen -44.86% over the past one year. While a 52-week high of $2.70 was reached on 01/02/24, a 52-week low of $0.78 was recorded on 02/02/24. SMA at 50 days reached $1.5412, while 200 days put it at $1.5728. A total of 10.1 million shares were traded, compared to the trading of 7.35 million shares in the previous session.
Levels Of Support And Resistance For LUMN Stock
The 24-hour chart illustrates a support level at 1.2867, which if violated will result in even more drops to 1.2333. On the upside, there is a resistance level at 1.3767. A further resistance level may holdings at 1.4133. The Relative Strength Index (RSI) on the 14-day chart is 33.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1805, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.79%. Stochastics %K at 9.66% 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 Mar 15, 2024, growing by 6.45 million shares to a total of 149.19 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 142.74 million shares. There was a rise of 4.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 13.28.
