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Why Lumen Stock Plummeted This Week

TheMotleyFool

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Lumen (NYSE: LUMN) stock got hit with a major valuation pullback over the last week of trading. The company's share price fell 24% across the period. Over the same stretch, the S 500 managed to climb 0.1%, and the Nasdaq Composite's level declined by 0.5%.

The past week of trading was not kind to artificial intelligence (AI) stocks, and Lumen saw a big pullback amid broader selling trends. Despite a big valuation contraction this week, the company's share price is still up 50.5% this year.

Image source: Getty Images.

Source Fool.com

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