🔴 LUMN is trading 4.33% down today after its removal from Russell indices triggered passive fund selling

LUMN is trading at $7.73 (-4.33%) following its removal from the Russell 3000 and Russell 2000 indices during the annual reconstitution.

• The index exclusion forces passive funds tracking these benchmarks to sell their positions, pressuring liquidity and investor sentiment.
• The decline is stock-specific rather than a result of broader market weakness, as major U.S. indices are currently trading higher.