10 Stocks Suffer Heavy Selling Pressure

8. Lumen Technologies Inc. (NYSE:LUMN)

Lumen fell for a 4th straight day on Wednesday, shedding another 7.57 percent to close at $8.55 apiece as investors parked funds amid a lackluster broader market, while waiting for fresh catalysts to spark buying appetite.

Earlier, Lumen Technologies Inc. (NYSE:LUMN) announced that it widened its net loss in the third quarter of the year by 319 percent to $621 million from $148 million in the same period last year on the back of higher expenses.

Meanwhile, adjusted EBITDA fell by 32 percent to $571 million from $843 million, while total revenues dipped by 4.16 percent to $3.087 billion from $3.221 billion year-on-year.

Despite the figures, Lumen Technologies Inc. (NYSE:LUMN) reaffirmed its growth outlook for full-year 2025, with total adjusted EBITDA expected to hit $3.2 billion to $3.4 billion.

Capital expenditures were on track to hit $4.1 billion to $4.3 billion, as the company ramps up developments aimed at supporting the artificial intelligence industry.