Lumen Skyrockets 176% in a Year: Should Investors Still Buy the Stock?

Lumen Technologies, Inc.’s (LUMN) shares have surged 175.8% in the past year, outpacing the S&P 500 composite and the Technology Services industry’s growth of 15.1% and 45.1%, respectively.Lumen also outperformed some of its peers like Verizon Communications (VZ) and AT&T (T) , which have registered gains of 11.8% and 55.1%, respectively. Significant increase in AI-fueled connectivity demand has been the driving force behind LUMN stock’s stellar run.Image Source: Zacks Investment ResearchFactors Favoring LU ...