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LUMN LATEST HEADLINES
LUMN, SFST and MORF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 14, 2023.
Lumen's Q3 report arrived with a big earnings miss. The company also announced a major restructuring deal with a group of its creditors.
Lumen experienced a sharp drop in its stock price despite an apparently positive earnings report in February. Gloomy guidance suggests that the ongoing turnaround won't materialize anytime soon.
Lumen's slowing growth, high debt, and dividend cut spooked the bulls. Moderna and Pfizer both face tough post-pandemic slowdowns.
Fintel reports that Temasek Holdings (Private) Ltd has filed a 13D/A form with the SEC disclosing ownership of 50,919,596 shares of Lumen Technologies (fka CenturyLink) (LUMN).
Lumen Technologies, Inc. did the unthinkable and completely eliminated its dividend. Lumen eliminated the dividend despite a raised free cash flow forecast.