Lumen Technologies (NYSE:LUMN) stock is rising higher on Wednesday as shares continue to rally following a partnership with Microsoft (NASDAQ:MSFT).
Lumen Technologies initially announced this partnership late last week and it has resulted in major volatility for LUMN shares since then. That includes mostly rallies as the company’s stock has continued to climb higher over the last several days.
The news that started all of this is Lumen Technologies working on Operator Connect for Microsoft Teams Phone. The goal of this project is modernizing the hybrid workforce for business organizations.
LUMN Stock News Keeps Coming
This isn’t the only news that has helped send shares of LUMN stock higher these last few days. Investors are also excited about a collaboration between Lumen, Microsoft and Alphabet’s (NASDAQGOOGL, NASDAQ:GOOG) Google.
The other big news here is the creation of a network interconnection ecosystem called ExaSwitch. This product’s focus is on helping customers organize their online traffic dynamically between networks.
All of this news has resulted in increased trading of LUMN stock over the last few days. As of this writing, around 9 million shares have changed hands. While that’s still below Lumen’s daily average trading volume of 27.2 million shares, trading still has LUMN rising 6.1% as of Wednesday morning.
Investors looking for even more of the most recent stock market news are going to want to keep reading!
InvestorPlace is home to all of the hottest stock market coverage traders need to know about on Wednesday! A few examples of that include why shares of UnitedHealth (NYSE:UNH), MicroVision (NASDAQ:MVIS) and Plug Power (NASDAQ:PLUG) stock are moving today. You can find out more on these matters at the following links!
More Wednesday Stock Market News
- Why Is UnitedHealth (UNH) Stock Down 7% Today?
- MVIS Stock Alert: Why Is MicroVision Falling 15% Today?
- PLUG Stock Alert: Plug Power Announces New Avina Deal
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
