Why Lumen Stock Surged This Week

Lumen stock just got a big boost by scoring a tech deal with one of the most high-profile conferences in college sports.Lumen (LUMN -0.70%) stock closed out this week's trading with big gains. The company's share price surged 7.8% higher compared to where it stood at market close on Friday of the previous week.Lumen's valuation gained ground this week in response to news that the telecommunications company had signed a new deal with the broadcasting division of the Pac-12 college sports conference. The gain ...