Lumen Technologies Inc is trading 10.4% down today at $8.88 as investors extend a post-earnings sell-off following a wider-than-expected first-quarter loss.
- The decline is being exacerbated by a sharp risk-off move in broader markets, with major U.S. indices falling between 1% and 3%.
- Selling pressure is particularly heavy across the telecom and infrastructure sectors, compounding the stock's weakness following its early May earnings report.