AT&T shares fall 1.27% and underperform in positive market session
Updated
Updated · MarketWatch · May 6
AT&T shares fall 1.27% and underperform in positive market session
11 articles · Updated · MarketWatch · May 6
The stock closed at $25.57 on Wednesday, while the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
It was AT&T's fourth straight daily decline, leaving the shares 14.17% below their 52-week high of $29.79 reached on 15 September.
AT&T lagged rivals including Netflix and Disney, though Comcast also slipped slightly; trading volume was 34.2 million, 6.1 million below its 50-day average.
AT&T just beat earnings expectations, so why is its stock price still plummeting?
Is AT&T's cheap stock a value trap or the market's biggest turnaround opportunity?
With $138 billion in debt, can AT&T's huge investment in fiber optics actually succeed?