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 $15.05 million.
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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 $0.53 million.
Goldman initiated its Lumen Technologies Inc [LUMN] rating to a Sell in a research note published on July 01, 2024; the price target was $1. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early June from “an Underperform” to “a Mkt perform”. Citigroup also remained covering LUMN and has decreased its forecast on February 08, 2023 with a “Sell” recommendation from previously “Neutral” rating.
Price Performance Review of LUMN
On Monday, Lumen Technologies Inc [NYSE:LUMN] saw its stock jump 9.60% to $1.94. Over the last five days, the stock has gained 35.66%. Lumen Technologies Inc shares have risen nearly 6.01% since the year began. Nevertheless, the stocks have risen 13.45% over the past one year. While a 52-week high of $2.08 was reached on 07/29/24, a 52-week low of $0.78 was recorded on 07/01/24. SMA at 50 days reached $1.2461, while 200 days put it at $1.4063. A total of 30.86 million shares were traded, compared to the trading of 18.39 million shares in the previous session.
Levels Of Support And Resistance For LUMN Stock
The 24-hour chart illustrates a support level at 1.7967, which if violated will result in even more drops to 1.6533. On the upside, there is a resistance level at 2.0367. A further resistance level may holdings at 2.1333. The Relative Strength Index (RSI) on the 14-day chart is 89.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3698, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.26%. Stochastics%K at 96.23% indicates the stock is a selling.
