What's Going On With Lumen Technologies Stock Today?
Portfolio Pulse from Erica Kollmann
Lumen Technologies (NYSE:LUMN) shares are trading slightly higher despite Kerrisdale Capital's bearish report and short position. Kerrisdale doubts Lumen's AI-driven turnaround and highlights liquidity concerns. Lumen defends its position, citing strong network demand. The stock has been volatile, gaining over 200% in the past month, but analysts have mixed ratings with a 12-month price target of $3.64.
August 28, 2024 | 4:56 pm
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Lumen Technologies shares are slightly up despite Kerrisdale Capital's bearish report and short position. The company defends its AI-driven strategy amid liquidity concerns. The stock has seen significant volatility, gaining over 200% in the past month, but analysts have mixed ratings with a 12-month price target of $3.64.
The stock is experiencing volatility due to Kerrisdale's bearish report and short position, but Lumen's defense and recent business announcements have kept the stock slightly up. Analysts' mixed ratings and price targets suggest uncertainty in the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100