Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lumen Technologies Inc shares valued at $47,997 were purchased by SIEGEL LAURIE on Mar 01 ’24. At $1.60 per share, SIEGEL LAURIE acquired 30,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $39600.0 following the completion of this transaction.
Also, GLENN T MICHAEL purchased 50,000 shares, netting a total of over 73,300 in proceeds. Following the buying of shares at $1.47 each, the insider now holds 272,019 shares.
Before that, Fowler James had added 33,500 shares to its account. In a trade valued at $56,428, the Director bought Lumen Technologies Inc shares for $1.68 each. Upon closing the transaction, the insider’s holdings increased to 33,500 shares, worth approximately $0.29 million.
As published in a research note from Raymond James on June 06, 2023, Lumen Technologies Inc [LUMN] has been rated up from an Underperform to a Mkt perform. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early February. Earlier on October 05, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for LUMN stock which previously was a “an Overweight”.
Analyzing LUMN Stock Performance
During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, Lumen Technologies Inc shares have dropped approximately -27.87%. Shares of the company reached a 52-week high of $1.9600 on 01/02/24 and a 52-week low of $1.2100 on 02/02/24. A 50-day SMA is recorded $1.5516, while a 200-day SMA reached $1.5464. Nevertheless, trading volume fell to 6.73 million shares from 8.37 million shares the previous day.
Support And Resistance Levels for Lumen Technologies Inc (LUMN)
According to the 24-hour chart, there is a support level at 1.3033, which, if violated, would cause prices to drop to 1.2867. In the upper region, resistance lies at 1.3533. The next price resistance is at 1.3867. RSI (Relative Strength Index) is 37.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0586, which suggests the price will decrease in the coming days. Percent R is at 85.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
