Why Lumen Stock Gained After Big Volatility Today

Lumen Technologies (LUMN 0.91%) stock closed out today's trading with moderate gains. The company's share price ended the daily session up roughly 1%, according to data from S&P Global Market Intelligence. The stock had been down as much as 11% earlier in the day's trading. In contrast to its sell rating on Lumen stock, Goldman Sachs analysts actually see some favorable dynamics ahead for the U.S. telecommunications industry. Most notably, the financial services company sees competitive pressures and the ne ...