Why Lumen Technologies Rocketed Nearly 30% Higher Today
Shares of fiber network giant Lumen Technologies (NYSE: LUMN) rocketed 29.2% on Friday.
It was a big comeback for the stock, which had been decimated after its fourth-quarter earnings release on Tuesday afternoon.
Today, the company disclosed that CEO Kate Johnson took the post-earnings sell-off as an opportunity to buy a cool half-million worth of stock, a trade that was executed yesterday.
Source Fool.com
