From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
Lumen Stock Drops 6.9% in Telecom Selloff
Lumen Technologies shares fall 6.9% as telecom stocks tumble in broad market weakness.
In brief
Lumen Technologies shares fall 6.9% as telecom stocks tumble in broad market weakness. Lumen Technologies stock dropped 6.9% to $5.17 Friday amid sector-wide selloff in telecom services. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Lumen Technologies
Lumen Technologies stock dropped 6.9% to $5.17 Friday as telecom services stocks fell in broad selloff.
Sector Peers Plunge
ASTS plunged 13.7%, CCOI sank 12.0%, and LILA fell 5.8% in telecom services selloff.
Market Impact
Lumen’s market cap dropped to $5.3B as sector weakness signals potential volatility ahead.
What it means
Lumen Technologies stock dropped 6.9% to $5.17 Friday amid sector-wide selloff in telecom services.
