Is Lumen Technologies Stock a Buy or Sell After Westerly Capital Dumped 2.7 Million Shares Worth $22.2 Million?
Source: Motley Fool
2026-03-10 14:05:22 ET
According to an SEC filing dated February 17, 2026, Westerly Capital Management reduced its Lumen Technologies (NYSE:LUMN) holding by 2,700,000 shares during the quarter. The estimated transaction value, calculated using the average closing price for the quarter, was $22.22 million. At quarter-end, the position’s value had fallen by $15.20 million, due to both the share sale and changes in Lumen’s stock price.
Following the sale, Lumen represents 1.37% of the fund’s reportable 13F assets under management.
Top holdings after the filing:
Lumen Technologies Inc.
NASDAQ: LUMN
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