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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59644)

8/7/2024 12:40:55 PM

From: Johnny Canuck

Read Replies (1) | Respond to of 69287

Lumen Technologies Inc (LUMN)

+22.40%

Trading sharply higher premarket following its earnings report and amid a flurry of recent retail interest in the stock, which has a short float of approximately 13.6%. Lumen reported a larger-than-expected loss of $0.13 for fiscal Q2, though sales of $3.268 billion exceeded expectations of $3.246 billion. The company lowered its 2024 adjusted EBITDA guidance to a range between $3.9 billion and $4 billion from its previous range of $4.1 billion to $4.3 billion. Goldman Sachs upgraded the stock to Neutral following the report.