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Lumen (LUMN) Tumbles 5% on Investor Caution Over Early Notes Redemption
Yahoo Finance· 2025-12-24 01:54
We recently published 10 Stocks Struggling to Shine Ahead of Christmas. Lumen Technologies, Inc. (NYSE:LUMN) is one of the worst performers on Monday. Lumen Technologies ended two straight days of gains on Monday, slashing 5.13 percent to close at $7.77 apiece as investors turned cautious after the company announced a plan to buy back some of its debt early. According to Lumen Technologies, Inc. (NYSE:LUMN), it would redeem early all its notes due 2029, 2030, and 2031. While the offer stands to benefit ...