Q: Good morning,
What happen to LMN in the last 10 trading days? It's been increasing from 33$ to 42$?
Martin
What happen to LMN in the last 10 trading days? It's been increasing from 33$ to 42$?
Martin
5i Research Answer:
Despite weak organic growth in the Q3 (down 9%) it looks like some investors saw potential from a 'beat' in revenue and sense opportunity in the M&A sector under Trump policies, which are expected to reduce red tape on acquisitions and approve more deals. This has combined with a generally strong market and confidence in the tech sector. Other than a single day spike on November 4, trading volume in the rise has not been particularly noticeable. We would expect the stock to consolidate a bit after these gains on no new news.