Lumen Technologies (LUMN) shares are experiencing an uptick today, driven by a significant increase in institutional investment. Quadrature Capital Ltd has notably increased its stake in Lumen by 248.2% during the third quarter, as revealed in a recent SEC filing. This move has bolstered investor confidence, suggesting a positive outlook for the company's future performance. Additionally, Lumen's recent introduction of a new internet plan, Simply Fiber, offering competitive pricing and enhanced connectivity, has likely contributed to the stock's positive momentum.
Lumen Technologies' stock is currently trading at $6.77, reflecting a 4.64% increase from its previous close of $6.47 and a 2.89% rise from its opening price of $6.58.