Stock price fell from $9.42 USD to $9.26 USD when it was announced that investors who purchased the shares Naccio put up for sale in 2001 will be allowed to testify at Naccio's sentincing. Prosecuters have recommended 87 months in prison, a maximum $19 M fine and the forfeiture of $52 M in assets.
Qwest CEO Richard Notebaert announces his retirement. This sends stock price from $10.20 USD to $9.39 USD just one day later.
Since Qwest has been cutting costs, it's 1st Quarter profit rose sharply. The good news sends stock on an upward trend through all of May.
The SEC's request for information centers on Qwest's accounting policies, practices and procedures in 2000 and 2001
By June 2000, Qwest stock was trading above $50 per share. Qwest was able to acquire
US West by using Qwest’s common stock
By August 9, 1999, Qwest's stock price had dropped from $34 to $26 per share shortly after the merger announcement