KD Logo

Lumen Technologies Inc [LUMN] President & CEO makes an insider acquire of 750,000 shares worth 959,850.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lumen Technologies Inc shares valued at $959,850 were purchased by Johnson Kathleen E on May 02 ’24. At $1.28 per share, Johnson Kathleen E acquired 750,000 shares. The insider’s holdings grew to 7,756,290 shares worth approximately $10.08 million following the completion of this transaction.

Also, SIEGEL LAURIE purchased 30,000 shares, netting a total of over 47,997 in proceeds. Following the buying of shares at $1.60 each, the insider now holds 30,000 shares.

Before that, GLENN T MICHAEL had added 50,000 shares to its account. In a trade valued at $73,300, the Director bought Lumen Technologies Inc shares for $1.47 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $0.35 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 surge of approximately 1.56%. Over the course of the year, Lumen Technologies Inc shares have dropped approximately -28.96%. Shares of the company reached a 52-week high of $1.9600 on 01/02/24 and a 52-week low of $1.1000 on 05/01/24. A 50-day SMA is recorded $1.4392, while a 200-day SMA reached $1.4822. Nevertheless, trading volume fell to 8.13 million shares from 12.7 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 1.2600, which, if violated, would cause prices to drop to 1.2200. In the upper region, resistance lies at 1.3500. The next price resistance is at 1.4000. RSI (Relative Strength Index) is 47.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0169, which suggests the price will decrease in the coming days. Percent R is at 41.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular

[the_ad id="945"]