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Saturday, December 9, 2023

Lumen Technologies Inc (NYSE: LUMN) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Lumen Technologies Inc (LUMN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.72%, to $1.37. The Lumen Technologies Inc has recorded 219,766 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Lumen wins $110 million contract from Defense Information Systems Agency.

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Stocks Info

Lumen Technologies Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $1.38 and fluctuated between $1.4100 as its day high and $1.2997 as its day low. The current market capitalization of Lumen Technologies Inc is $1.39B. A total of 14.36 million shares were traded on the day, compared to an average of 16.92M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LUMN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 11 SELLs from insiders. Insiders purchased 11,909,835 shares during that period but sold 3,638,300.

In the most recent transaction, Fowler James bought 70,000 shares of LUMN for 1.40 per share on Nov 07. After the transaction, the Director now owns 153,038 company shares. In a previous transaction on Nov 03, Stansbury Christopher bought 500,000 shares at 1.10 per share. LUMN shares that EVP and CFO owns now total 500,000.

Among the insiders who bought shares, Johnson Kathleen E acquired of 1,000,000 shares on Nov 02 at a per-share price of $0.97. This resulted in the President & CEO holding 5,148,592 shares of LUMN after the transaction. In another insider transaction, CLONTZ STEVEN T bought 5,000 shares at $5.34 per share on Nov 29. Company shares held by the Director now total 340,029.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. LUMN’s most recent ex-dividend date was 8/29/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 9/9/2022. Previously, the company paid the dividend on 6/10/2022 with an ex-dividend date of 5/27/2022. The LUMN stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LUMN in the last 3 months, the mean price target is $2.06 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, LUMN has a high of $6.38 and a low of $0.78.

As of this writing, LUMN has an earnings estimate of $Golden Minerals Company per share for the current quarter. EPS was calculated based on a consensus of Lumen Technologies, Inc. estimates, with a high estimate of $LUMP per share and a lower estimate of $Lumos Pharma, Inc..

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LUMN’s latest balance sheet shows that the firm has $354.00M in Cash & Short Term Investments as of fiscal 2021. There were $29.37B in debt and $7.17B in liabilities at the time. Its Book Value Per Share was $2.20, while its Total Shareholder’s Equity was $11.84B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LUMN is Buy with a score of 2.30.

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