Lumen Technologies Inc’s filing revealed that its Director Fowler James acquired Company’s shares for reported $46990.0 on Sep 03 ’24. In the deal valued at $4.70 per share,10,000 shares were bought. As a result of this transaction, Fowler James now holds 384,056 shares worth roughly $2.68 million.
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Then, GOFF STACEY W bought 374,492 shares, generating $2,381,769 in total proceeds.
Before that, GOFF STACEY W bought 71,025 shares. Lumen Technologies Inc shares valued at $451,719 were divested by the Officer at a price of $6.36 per share.
Wells Fargo downgraded its Lumen Technologies Inc [LUMN] rating to an Underweight from a an Equal weight in a research note published on August 16, 2024; the price target was increased to $4 from $1.75. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “an Underweight” to “a Neutral”. Goldman also remained covering LUMN and has increased its forecast on August 07, 2024 with a “Neutral” recommendation from previously “Sell” rating. Citigroup revised its rating on August 06, 2024. It rated LUMN as “a Neutral” which previously was an “a Sell”.
Price Performance Review of LUMN
On Monday, Lumen Technologies Inc [NYSE:LUMN] saw its stock fall -4.77% to $6.99. Over the last five days, the stock has lost -11.29%. Lumen Technologies Inc shares have risen nearly 281.97% since the year began. Nevertheless, the stocks have risen 433.59% over the past one year. While a 52-week high of $10.33 was reached on 11/11/24, a 52-week low of $0.97 was recorded on 07/01/24. SMA at 50 days reached $7.24, while 200 days put it at $3.60.
Levels Of Support And Resistance For LUMN Stock
The 24-hour chart illustrates a support level at 6.87, which if violated will result in even more drops to 6.75. On the upside, there is a resistance level at 7.22. A further resistance level may holdings at 7.46. The Relative Strength Index (RSI) on the 14-day chart is 40.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.67%. Stochastics %K at 1.75% indicates the stock is a buying.
How much short interest is there in Lumen Technologies Inc?
A steep rise in short interest was recorded in Lumen Technologies Inc stocks on 2024-11-15, dropping by -1.62 million shares to a total of 64.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 66.15 million shares. There was a decline of -2.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 01, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $1 price target.
