TELUS Corp stock drops 0.51% and underperforms market
Updated
Updated · MarketWatch · May 8
TELUS Corp stock drops 0.51% and underperforms market
2 articles · Updated · MarketWatch · May 8
The shares closed at C$17.46 on Friday as the S&P/TSX Composite Index rose 0.65% to 34,077.76 in an otherwise positive Canadian session.
TELUS ended 24.7% below its 52-week high of C$23.18, reached on 22 August, highlighting the stock's continued weakness versus broader market gains.
Trading volume reached 9.5 million shares, above the 50-day average of 7.3 million, indicating heavier-than-usual investor activity during the decline.
With a new CEO and plunging profits, will TELUS's turnaround plan force a dividend cut to survive its debt crisis?
Is TELUS sacrificing its high-growth health division to solve its current debt problems, threatening its long-term future?
As TELUS pilots AI to alter employee accents, is it erasing cultural identity for the sake of corporate efficiency?