United

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<ul class="list-ic vertical"> 
 <li> 1 <a>In the July 24 trading session, Lumen Technologies Inc. (NYSE: LUMN) stock lost 3.68% compared to its last trading prices. </a> </li> 
 <li> 2 <a>LUMN stock might reflect either a steep decline or an impressive surge following its Q2 2023 earnings release. </a> </li> 
</ul> 
Lumen Technologies Inc. (NYSE: LUMN) stock lost 3.68% of its trading price in the last trading session. It opened trading at $1.89, lowering to $1.82, it hit a high of $1.96 and closed trading at $1.83 with trading volume of 12.469 Million.&nbsp; 
In the monthly and quarterly time frame, LUMN stock lost over 1.08% &amp; 22.78% of its trading prices. Moreover, in a year, stock price reflected a steep decline of 82.32%.&nbsp; 
In the 52 weeks range, LUMN stock lowest traded at $1.61, and its highest trading price was $11.38. However, its annual price target is $2.89, which is around 57.65% greater than the current trading price. 
In the past three trading sessions, sellers continued to overrule buyers, which helped them to pull back the price near the immediate support level. Numerous analysts believe that solid bearishness is barring the price to move upward. 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh6.googleusercontent.com/_MrMypZUJun3zZMoTW84zB8RbwmQmrMBc56xd3VwFgIKpeRIT1ei1XTEk-q4pds93GdmRNXW15O0X2kI7FeHpV5RWrg645-m2oGRbVb5sirWniRi6OpA0KUMA_DHp1SGq6gZJ6FkO9rLhXOG3mGyf3k" alt="LUMN Stock Lost 3.68% Intraday Following Seller Overruling"> 
 <figcaption class="wp-element-caption">
 Source: LUMN stock price chart from TradingView&nbsp; 
 </figcaption> 
 </figure> 
</div> 
The buyers are trying hard to build fresh long positions, but LUMN stock struggles to hold $1.50 support. Lumen Technologies Inc. stock is stuck in a narrow range between $1.50 to $2.74. 
Stock prices are facing resistance at 50 days EMA. However, it is essential to note that any short-term up-moves are not sustaining on higher levels, indicating that sellers are dominating the buyers. 
The Relative Strength Index (RSI) is 42, which denotes weakness and bearishness. LUMN stock might reflect either a steep decline or an impressive surge following its Q2 2023 earnings release. 
<h2 class="wp-block-heading" id="strong-lumen-technologies-inc-earnings-revenue-strong">Lumen Technologies Inc Earnings &amp; Revenue&nbsp;</h2> 
In Q1 2023, <a href="https://www.thecoinrepublic.com/2023/02/07/lumen-technologies-lumn-stock-price-prediction-will-the-lumn-stock-hit-a-new-low-after-q4-release/" rel="noopener noreferrer nofollow">Lumen Technologies, Inc</a> reported 0.16% more revenue than estimated figures; as per estimation, the company was supposed to report $3.73 Billion in revenue but reported $3.74 Billion.&nbsp; 
For Q2 &amp; Q3 2023, the company’s estimated revenue is $3.67 Billion and $3.62 Billion. Despite positive revenue, the Earnings Per Share of Lumen Tech Inc slipped over 5.18% compared to the estimated figures. 
In the financial year 2022, Lumen Technologies, Inc’s total revenue was $17.48 Billion, including a gross profit of $6.22 Billion, operating income of $3.29 Billion, its pretax income was -$991 Million, and net income was -$1.55 Billion. 
Data from TradingView shows that 986 Million <a href="https://www.thecoinrepublic.com/2023/02/07/lumen-technologies-lumn-stock-price-prediction-will-the-lumn-stock-hit-a-new-low-after-q4-release/" rel="noopener noreferrer nofollow">Lumen </a>shares are free-floating, and the remaining 19.991 million shares are closely held by the company’s financial backers or the board of directors.&nbsp; 
In 2022, revenue to profit conversion of the company includes 36% of gross profit, 39% of Earnings before interest, taxes, depreciation, and amortization (EBITDA), 19% of Earnings before interest and taxes (EBIT) and -9% of net income.&nbsp; 
The company majorly serves customers in the United States and numerous other non-US regions. 
<h4 class="wp-block-heading">Disclaimer&nbsp;</h4> 
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

LUMN Stock Lost 3.68% Intraday Following Seller Overruling

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Thecoinrepublic.com

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