Lumen Technologies Sees Unusually Large Options Volume (NYSE:LUMN)

Posted by Stanley Muller on May 16th, 2026

Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report) saw unusually large options trading on Thursday. Stock investors acquired 65,705 call options on the company. This is an increase of 199% compared to the average volume of 22,000 call options.

Insider Activity

In related news, Director Diankha Linear sold 45,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $7.89, for a total value of $355,050.00. Following the transaction, the director directly owned 198,229 shares in the company, valued at $1,564,026.81. This trade represents a 18.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lumen Technologies

Hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP increased its position in shares of Lumen Technologies by 112.0% during the first quarter. Quantinno Capital Management LP now owns 180,108 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 95,164 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Lumen Technologies by 1.7% during the first quarter. Lazard Asset Management LLC now owns 78,690 shares of the technology company’s stock worth $547,000 after acquiring an additional 1,294 shares during the period. Van Den Berg Management I Inc. boosted its position in Lumen Technologies by 1.4% in the first quarter. Van Den Berg Management I Inc. now owns 2,427,862 shares of the technology company’s stock worth $16,874,000 after purchasing an additional 33,562 shares during the last quarter. Entropy Technologies LP bought a new position in Lumen Technologies in the 1st quarter valued at $147,000. Finally, Compound Planning Inc. increased its position in shares of Lumen Technologies by 5.7% during the 1st quarter. Compound Planning Inc. now owns 64,380 shares of the technology company’s stock valued at $447,000 after purchasing an additional 3,462 shares during the last quarter. Institutional investors own 66.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Zacks Research downgraded shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company upped their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. TD Cowen raised their price target on shares of Lumen Technologies from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lumen Technologies currently has an average rating of “Reduce” and an average price target of $7.91.

Check Out Our Latest Analysis on Lumen Technologies

Lumen Technologies Stock Down 2.9%

NYSE:LUMN traded down $0.30 during trading hours on Friday, hitting $10.05. 18,248,140 shares of the company traded hands, compared to its average volume of 14,212,450. The company has a market cap of $10.35 billion, a PE ratio of -5.77 and a beta of 1.65. The firm’s 50-day simple moving average is $7.75 and its 200-day simple moving average is $8.13. Lumen Technologies has a one year low of $3.37 and a one year high of $11.95.

Lumen Technologies (NYSE:LUMN – Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.34). The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted ($0.13) EPS. Lumen Technologies’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, equities research analysts expect that Lumen Technologies will post -0.39 EPS for the current year.

About Lumen Technologies

(Get Free Report)

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.

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