LUMN stock price volatility is high with the Average True Range (ATR) above 0.10, suggesting active speculative interest. Earnings revisions for FY2024 remain neutral, awaiting clarity on fiber expansion ROI. Lumen Technologies, Inc. ( NYSE:LUMN ) shareholders should be happy to see the share price up 15% in the last week. But spare a thought for the long term holders, who have held the stock as it bled value over the last five years. Indeed, the share price is down a whopping 93% in that time. It's true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The fundamental business performance will ultimately determine if the turnaround can be sustained. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway. The previous big move we wrote about was 3 days ago when the stock dropped 4.6% on the news that a dismal August jobs report stoked fears of a significant economic slowdown. LUMN stock price posted a minor uptick after telecom sector news highlighted growth in data connectivity demand. Market watchers point to a potential alignment of earnings momentum with industry digital transformation trends.
