Lumen Technologies (NYSE:LUMN) CFO Christopher Stansbury disclosed the purchase of 500,000 shares of the company for a transaction value of $549,450.
Last week, LUMN CEO Kathleen Johnson also disclosed the purchase of 1M shares of the company.
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Lumen announced a new five-year contract with the Department of Defense.
Insiders bought over $1.5 million in stock last week after its post-earnings plunge.
Lumen's CEO hails from Microsoft, and the company is one year into her turnaround plan.