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The S&P 500 and Nasdaq Composite have pulled back from their all-time highs since the start of the year amid rising concerns about an economic slowdown, potential tariffs, rising inflation, and interest rates going back up. At the same time, many of the top tech stocks are still trading near their all-time highs -- so value-seeking investors might still shy away from the heated sector.
Lumen (LUMN 5.07%) stock is posting big gains in Wednesday's trading. The company's share price was up 5.5% as of 3 p.m.
Lumen's stock is rising after a bullish upgrade at Citi. Analysts have hesitated to recommend the telecommunications shares.
Lumen (LUMN 2.54%) stock managed to post gains in Tuesday's trading despite a big pullback for artificial intelligence (AI) stocks. The telecom specialist's share price ended the session up 2.5% despite a 0.5% pullback for the S&P 500 index and a 1.4% decline for the Nasdaq Composite.
Lumen (LUMN -7.08%) stock lost significant ground Monday. The company's share price closed out the day down 7.1%.
Lumen (LUMN -0.64%) stock ended Friday's trading in the red despite posting big gains early in the session. The telecommunications company's share price ended the day down 0.5%, even though it had been up as much as 7.9%.
DENVER , Feb. 6, 2025 /PRNewswire/ -- Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will attend the following investor conferences: JP Morgan Global High Yield & Leveraged Finance Conference on February 25. Raymond James Annual Institutional Investors Conference on March 3.
LUMN's fourth-quarter revenue performance is affected by headwinds in the legacy business. Momentum in Quantum Fiber and PCF deals bodes well.
Shares of Lumen Technologies (LUMN -3.95%) are down Wednesday. The firm's stock lost 3.4% as of 1 p.m.
Lumen Technologies exceeded Q4 earnings and revenue expectations. The company is positioned to disrupt the industry by "cloudifying telecom" and supporting the AI economy. Short-term challenges are expected as turnaround continues.