Lumen (LUMN) Stock Soars 236% YTD: Will the Rally Continue?
Lumen(LUMN) ZACKS·2024-08-21 23:46
Lumen Technologies (LUMN) shares have skyrocketed 236% year to date (YTD) compared with the S&P 500 composite and sub-industry's growth of 17.4% and 18.7%, respectively. What Caused the Surge? A string of recent positive developments contributed significantly to the stock price surge. Image Source: Zacks Investment Research On Aug 5, Lumen announced that it has secured $5 billion in new business deals attributed to significant AIfueled connectivity demand. Additionally, the company is actively negotiating w ...