Why Lumen Technologies Fell 25.7% in November
Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence.
It wasn't difficult to ascertain why Lumen fell last month: The company announced on its Nov. 2 earnings call that it suspended its generous dividend. Those earnings weren't any great shakes either, as the company missed on both revenue and earnings-per-share estimates.
Yet, with dividend-focused investors fleeing the stock and a new CEO coming on board, could this cast-off value stock be an opportunity?
Source Fool.com
