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AIGH Capital Dumps 2.6 Million Lumen Technologies Shares In $15.6 Million Exit
Yahoo Finance· 2026-02-03 22:20
Core Insights - AIGH Capital Management LLC has completely sold its stake in Lumen Technologies, with the transaction valued at approximately $15.61 million based on quarterly average pricing [1][2]. Company Overview - Lumen Technologies is a prominent provider of telecommunications and technology solutions, utilizing a vast fiber network and advanced services to facilitate digital transformation for businesses and consumers [6]. - As of February 2, 2026, Lumen's stock price was $8.82, with a market capitalization of $9.05 billion and a total revenue of $12.69 billion over the trailing twelve months (TTM) [4]. - The company reported a net income loss of $1.65 billion (TTM) [4]. Recent Performance - Lumen Technologies' stock has increased by 78.5% over the past year, significantly outperforming the S&P 500 by 64.2 percentage points [8]. - The company has successfully leveraged its fiber network to support major artificial intelligence (AI) companies with data center connectivity, contributing to its recent stock surge [10]. Strategic Moves - Lumen Technologies has made strategic investments in fiber and cloud capabilities to enhance its competitive position in the evolving communications and enterprise markets [6]. - The company sold its mass market fiber business to AT&T for $5.75 billion, which has helped fund its new buildout initiatives [10].