Lumen (NYSE: LUMN) stock closed out this week's trading with big gains despite volatile trading Friday. The company's share price surged 27.1% higher across the stretch.

Lumen's valuation soared this week on the heels of a new partnership with Palantir and the announcement of two other deals. The company actually saw a significant pullback after it published its third-quarter earnings, but the stock regained ground after an initial valuation contraction.

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Source Fool.com