How Will the Market React to Lumen Technologies Inc (LUMN) Stock Getting a Bullish Rating

Overall market sentiment has been high on Lumen Technologies Inc (LUMN) stock lately. LUMN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Lumen Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LUMN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LUMN Stock Today?

Lumen Technologies Inc (LUMN) stock is trading at $1.34 as of 10:06 AM on Wednesday, Nov 15, an increase of $0.04, or 2.69% from the previous closing price of $1.30. The stock has traded between $1.30 and $1.34 so far today. Volume today is less active than usual. So far 561,765 shares have traded compared to average volume of 18,211,520 shares.

More About Lumen Technologies Inc

Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 further shifted the company's operations toward businesses (over 70% of revenue) and away from its legacy consumer business. Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers. Click Here to get the full Stock Report for Lumen Technologies Inc stock.