Lumen Technologies (LUMN) was Smart Insider's stock pick of the week after President and Chief Executive Kate Johnson acquired $500,000 worth of company shares at $6.35 apiece on Feb. 5.
Johnson now owns $79 million worth of company shares and is "likely under no pressure" to increase her stake, Smart Insider said in a Tuesday note.
The CEO is now buying at a higher price, but the stock is trading at a price "well above" her last purchase, according to the note. Johnson bought $1 million Lumen shares in November 2023 at $0.97, $1 million shares in May 2024 at $1.28, and $500,000 shares in August 2025 at$3.69, according to the note.
Smart Insider renewed the stock to +1, or strong positive signal, on Feb. 6.
Comments