Lumen Technologies shares surge 30.03% intraday after better-than-expected Q4 earnings and CEO invests $500K in company stock.

Lumen Technologies (LUMN) surged 30.03% intraday following positive developments including a senior unsecured debt rating upgrade, reducing annual interest expenses by $300 million, and CEO Kathleen Johnson’s $500,000 insider stock purchase. These events signaled improved financial stability and management confidence, counteracting prior week’s 30% decline post-earnings. Analysts had previously cut 2026 revenue forecasts by 12% but trimmed loss estimates by 69%, while a broad analyst price target range ($5–$10) reflected diverging views. Institutional investors like Ontario Teachers Pension Plan also increased stakes, adding further support. The stock’s sharp rebound aligned with these bullish catalysts, despite ongoing challenges in its core business.