Lumen Technologies Inc’s recent filing unveils that its President & CEO Johnson Kathleen E acquired Company’s shares for reported $0.96 million on May 02 ’24. In the deal valued at $1.28 per share,750,000 shares were bought. As a result of this transaction, Johnson Kathleen E now holds 7,756,290 shares worth roughly $10.24 million.
Then, SIEGEL LAURIE bought 30,000 shares, generating $47,997 in total proceeds. Upon buying the shares at $1.60, the Director now owns 30,000 shares.
Before that, GLENN T MICHAEL bought 50,000 shares. Lumen Technologies Inc shares valued at $73,300 were divested by the Director at a price of $1.47 per share. As a result of the transaction, GLENN T MICHAEL now holds 272,019 shares, worth roughly $0.36 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 jump 2.33% to $1.32. Over the last five days, the stock has gained 9.09%. Lumen Technologies Inc shares have fallen nearly -27.87% since the year began. Nevertheless, the stocks have fallen -42.36% 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 05/01/24. SMA at 50 days reached $1.4858, while 200 days put it at $1.5024. A total of 14.11 million shares were traded, compared to the trading of 9.22 million shares in the previous session.
Levels Of Support And Resistance For LUMN Stock
The 24-hour chart illustrates a support level at 1.2733, which if violated will result in even more drops to 1.2267. On the upside, there is a resistance level at 1.4033. A further resistance level may holdings at 1.4867. The Relative Strength Index (RSI) on the 14-day chart is 46.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.29%. Stochastics %K at 51.87% indicates the stock is a holding.
