Spotlight on Lumen Technologies: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Lumen Technologies has seen a surge in options activity, with a significant bearish sentiment among traders. The stock is currently trading at $7.05, up by 5.86%, but RSI readings suggest it may be overbought. The anticipated earnings release is in 36 days.
September 23, 2024 | 6:15 pm
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Lumen Technologies is experiencing a surge in options activity with a bearish sentiment. The stock price has increased by 5.86% to $7.05, but RSI suggests it may be overbought. The anticipated earnings release is in 36 days.
The article highlights a significant bearish sentiment in options trading for Lumen Technologies, with 69% of traders showing bearish tendencies. Despite the stock's recent price increase, the RSI suggests it may be overbought, indicating a potential short-term price decline. The upcoming earnings release in 36 days adds to the uncertainty.
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