President, Kathleen Johnson, recently bought a whopping US$970k worth of stock, at a price of US$0.97. Why?
https://finance.yahoo.com/news/president-lumen-technologies-picks-24-120543333.html
12 replies (most recent on top)
perhaps you’ll find out next quarter they both got cash bonuses which just happened to coincide with these purchases. “Their money” suuuuuuuuure
This could also be viewed as way for Kate to say I'm fully invested in this, please don't fire me ... despite the share price.
Even a ball that’s flat will bounce a little. Board bought 200M @ $6 year ago with shareholders money. Little karma due but Guess if i made 11M a year I would want the party to continue too and do a little pump in that ball.
Oldest trick in the book and see how many are falling for it.
So, it worked.
Have her plea in public that she will put cash in your pocket within a definite period with what she makes once the stock bounces, it may happen but it's not as easy as purchasing stock you know is going to go up.
Better yet, plead it to the people who she just let go, who won't make their mortgage after their package, because it was their future earnings what facilitated her restructuring plan to bounce the stock.
Ignorance is bliss and you can be there for life, until your retirement plan opens your eyes, maybe a bit too late.
but has she taken her insider trading training yet
I do believe her and Chris are putting their money where their mouth is ... but on the other hand, if she doesn't do something like this, the stock was at $.78 that same day, so that is BK territory.
The Yes man has spoken! Drinking the Lumen koolaid! You’re a fool! You
must be Management!
just a reminder that Lumen bought 2 million dollars of stock last year (2022) at the average price of $6.07 a share
Dear Princess Kate. I had planned to but a thousand shares of this tired old dog of a stock when they got down to $1 a share (btw... that's down from $6.76 when your failed leadership took over). Just a gamble, just incase. However, you laid me and 1199 tremendous co-workers off and now I can't do it. Please, ma'am grant me a measly thousand from your millions so that I too can make bank on the turnaround of Lumen THAT WILL NEVER HAPPEN!
you lumen & kj fan-gurls make me sick!
This stock purchasing tactic has been going on for decades. Look at the timeline when the stocks were purchased. The CEO had a stock package that was vesting, used it to buy 1,000,000 shares before the earnings call and now, BAM!! Stock goes from .97 to 1.29 today. So if you would have invested $970,000 back on Nov 1, you would have a healthy return. However, for the average trader, investing in 10,000 shares, not worth it. Stay away from this sinking ship.
Go Kate!!!! You negative Nancy's are just jealous you missed the boat. This will rocket to $5
Stock price is up to $1.23 today. That's a $230,000 bump for the CEO