Lumen Technologies, Inc. (NYSE:LUMN) experienced a notable rise in its stock price on Wednesday. Here's what you need to know.
What To Know: The company announced that its Executive Vice President and Chief Financial Officer, Chris Stansbury, will present at the upcoming BofA Securities 2024 Media, Communications & Entertainment Conference. The presentation is scheduled for September 5 2024.
Why It Matters: The announcement of Lumen's participation in the upcoming conference may have generated investor interest, potentially driving the stock's recent upward movement. The company's ability to communicate its strategic initiatives and financial outlook at such events is crucial for maintaining investor confidence.
Recent Developments: Lumen Technologies, a global integrated network solutions provider, has been making headlines recently due to volatility in its stock. The company recently reported estimated EPS loss of 4 cents and an estimated revenue of $3.219 billion for the quarter.
LUMN Price Action: As of the latest trading session, Lumen Technologies' shares were up by 13.4%, trading at $5.68 according to Benzinga Pro.
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Image: Courtesy of Lumen Technologies inc.