The Ratings Game: Lumen’s stock erodes further, sinking toward worst day in its history

by | Nov 1, 2023 | Stock Market

Lumen Technologies Inc. shares were flirting with their worst-ever daily performance Wednesday as news of an agreement with creditors failed to outweigh disappointing commentary on revenue-growth expectations. The stock LUMN was off 24.3% in Wednesday morning trading and on track to record its largest one-day percentage decline on record. Lumen shares, which recently changed hands at $1.11, were on pace for their lowest close since Oct. 5, 1984, when they finished at $1.10. “Revenue…

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