Lumen Technologies Inc. (LUMN) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Lumen Technologies Inc. has disclosed a potential business risk in their 2024 Proxy Statement, regarding a proposed reverse stock split. The company acknowledges the uncertainty surrounding shareholder approval and the actual implementation of this strategy. If executed, the reverse stock split is anticipated to elevate the per share market price, but it may also inadvertently reduce stock liquidity, increase trading costs, and introduce other negative consequences. These concerns have been elaborately outlined in the proxy statement, emphasizing the complexity and potential drawbacks of such a financial maneuver.
Overall, Wall Street has a Moderate Sell consensus rating on LUMN stock based on 2 Sells and 3 Holds.
To learn more about Lumen Technologies Inc.’s risk factors, click here.
