Lumen Technologies (LUMN) shares are experiencing an uptick today, likely influenced by recent institutional interest. Quadrature Capital Ltd significantly increased its stake in Lumen Technologies by 248.2% during the third quarter, as disclosed in a recent 13F filing. This substantial acquisition of 364,375 additional shares, bringing their total to 511,162 shares, may have bolstered investor confidence in the stock. The move by Quadrature Capital is part of a broader trend, with several other institutional investors and hedge funds also increasing their holdings in Lumen Technologies over recent quarters.
The current price of Lumen Technologies stock is $6.68, reflecting a 3.20% increase from the previous close of $6.47. The stock opened at $6.58 and has seen a 1.47% rise from the opening price.