Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lumen Technologies Inc shares valued at $46,990 were purchased by Fowler James on Sep 03 ’24. At $4.70 per share, Fowler James acquired 10,000 shares. The insider’s holdings grew to 384,056 shares worth approximately $3.46 million following the completion of this transaction.
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Also, GOFF STACEY W purchased 374,492 shares, netting a total of over 2,381,769 in proceeds.
Before that, GOFF STACEY W had added 71,025 shares to its account. In a trade valued at $451,719, the Officer bought Lumen Technologies Inc shares for $6.36 each.
As published in a research note from Wells Fargo on August 16, 2024, Lumen Technologies Inc [LUMN] has been rated down from an Equal weight to an Underweight and the price target has been revised to $4 from $1.75. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 07, 2024, Goldman has increased its “Sell” rating to a “Neutral” for LUMN. Earlier on August 06, 2024, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for LUMN stock which previously was a “a Sell”.
Analyzing LUMN Stock Performance
During the last five days, there has been a surge of approximately 34.83%. Over the course of the year, Lumen Technologies Inc shares have jumped approximately 392.90%. Shares of the company reached a 52-week high of $9.20 on 11/06/24 and a 52-week low of $0.97 on 07/01/24. A 50-day SMA is recorded $6.39, while a 200-day SMA reached $3.02. Nevertheless, trading volume fell to 51.16 million shares from 32.51 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 7.60, which, if violated, would cause prices to drop to 6.18. In the upper region, resistance lies at 9.82. The next price resistance is at 10.62. RSI (Relative Strength Index) is 77.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 5.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
