Why Lumen Technologies Stock Mashed the Market on Monday

Lumen Technologies (NYSE: LUMN) saw a very healthy bounce in its stock price on Monday, following the telecom company's latest operational update. Investors enthusiastically traded the tech and telecom stock up by 9% in reaction to the news, a figure that was more than good enough to beat the 0.4% rise of the S&P 500 (SNPINDEX: ^GSPC). That morning, Lumen announced that so far this year, it's added over 2.2 million new intercity miles to its existing fiber-optic network. This is a technology that allows for much faster data transmission speeds than more traditional methods. At such a pace, the company expects to have 16.6 million intercity fiber miles by the end of this year. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool