Why Lumen Technologies Stock Blasted 4% Higher on Monday

·2 min read
Why Lumen Technologies Stock Blasted 4% Higher on Monday

The main one concerned Lumen -- effective Monday, March 20, it is being replaced with finance sector mainstay stock Fair Isaac & Co in the S&P 500 and will instead be included in the S&P SmallCap 600. You can say that again with Lumen. Lumen isn't in that position just now, and it should benefit from the reduced pressure of not being one of the over-scrutinized 500.