AT&T Inc. ($T) Stock Forecast: Down 1.0% Today

What is AT&T Inc.?

AT&T (NYSE: T) is a multinational conglomerate holding company known for its telecommunications and media services, with a diverse portfolio including wireless services, satellite television, and broadband services.

Why is AT&T Inc. going down?

T stock is down 1.0% on Oct 4, 2024 14:27

• The bearish movement in AT&T's stock today suggests an increased bearish stance by investors, as seen in options trends.
• Negative sentiment from investors, particularly those with significant capital, may have impacted the stock's downward trajectory.
• The absence of positive news or developments related to AT&T could have influenced the bearish market movement.
• Investors should closely follow future developments and news about AT&T to assess if the bearish trend will persist or if a potential reversal is on the horizon.

T Price Chart

T Technical Analysis

T News

Behind the Scenes of AT&T's Latest Options Trends - AT&T ( NYSE:T )

Investors with a lot of money to spend have taken a bearish stance on AT&T T. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/10/41143233/behind-the-scenes-of-at-ts-latest-options-trends

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AT&T Inc. Price History

04.08.2024 - T Stock was down 0.2%

• A webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference might have initially boosted investor sentiment, but the overall market sentiment turned bearish for AT&T.
• A lawsuit initiated by Elon Musk's social media platform X against Media Matters For America, and the judge's ruling in favor of the lawsuit, might have caused some uncertainty in the market, impacting AT&T's stock negatively.
• Positive news about Meta's Llama AI models winning big with companies like Goldman Sachs and AT&T may have diverted investor attention away from AT&T, leading to a bearish movement in the stock.
• The CFTC's decision to go after decentralized crypto exchange Uniswap could have created a ripple effect in the market, contributing to the bearish movement in AT&T's stock.

04.09.2024 - T Stock was down 1.0%

• The bearish movement in AT&T's stock today suggests an increased bearish stance by investors, as seen in options trends.
• Negative sentiment from investors, particularly those with significant capital, may have impacted the stock's downward trajectory.
• The absence of positive news or developments related to AT&T could have influenced the bearish market movement.
• Investors should closely follow future developments and news about AT&T to assess if the bearish trend will persist or if a potential reversal is on the horizon.

19.09.2023 - T Stock was up 6.5%

• AT&T's Q3 results exceeded expectations, with operating revenues up 1% year-over-year and adjusted EPS beating consensus.
• The company also boosted its free cash flow guidance, which likely contributed to the bullish movement in the stock.
• The positive performance and increased cash flow guidance may have instilled confidence in investors, leading to the bullish market movement.
• Despite previous concerns about AT&T's stock, the strong Q3 performance suggests potential for growth and makes it an attractive investment option.

20.09.2023 - T Stock was up 2.4%

• The bullish movement in AT&T's stock today can be attributed to its strong Q3 earnings report. Here's what happened:
• AT&T reported better-than-expected third-quarter financial results, with operating revenues of $30.35 billion, beating the consensus of $28.69 billion.
• The company's adjusted EPS of $0.64 also surpassed the consensus of $0.59.
• AT&T's strong subscriber gains and improved free-cash-flow guidance further contributed to the positive sentiment surrounding the stock.
• Overall, AT&T's solid performance in Q3 and positive outlook for the future have likely fueled investor confidence and resulted in the bullish market movement.

05.11.2023 - T Stock was up 1.9%

• The bullish movement in AT&T's stock today can be attributed to the following factors:
• 1. AT&T's deal with Ericsson: The announcement of AT&T's agreement to buy up to $14 billion worth of network equipment from Ericsson is seen as a positive development for the company. This deal is expected to enhance AT&T's network capabilities and improve its service offerings, which likely boosted investor confidence.
• 2. Negative impact on Nokia: The news of AT&T choosing Ericsson over Nokia for the network equipment contract had a negative impact on Nokia's stock. This could be a contributing factor to the bullish movement in AT&T's stock, as investors may view AT&T's decision as a strategic advantage for the company over its competitor.
• 3. Market sentiment: The overall market sentiment may have also played a role in the bullish movement of AT&T's stock. Positive news surrounding the telecommunications industry, such as advancements in 5G technology and increased demand for connectivity, could have contributed to the optimistic outlook for AT&T.
• In conclusion, AT&T's bullish movement today can be attributed to its deal with Ericsson, the negative impact on Nokia, and positive market sentiment towards the telecommunications industry.

14.06.2023 - T Stock was down 4.0%

• The stock's bearish movement could be attributed to the report claiming that outdated phone cables owned by AT&T and other telecom giants could contaminate soil and water with lead, which may have impacted children. This negative news could have raised concerns among investors about potential legal and financial implications.
• Additionally, the article highlighting that AT&T and Verizon knew about the toxic lead cables for decades but did little to address the issue could have further eroded investor confidence in the company.
• The conclusion of Comcast's network expansion in Oregon, as mentioned in the news, might have also played a role in diverting investor attention away from AT&T, contributing to the bearish movement.
• The mention of other factors investors must consider, besides the high dividend yield, in the Motley Fool article could have added to the overall sentiment of caution surrounding AT&T's stock.

24.06.2024 - T Stock was up 5.3%

• The bullish movement in stock T could be attributed to the positive analyst outlook, expecting a rise based on strong phone net additions and robust guidance provided by AT&T.
• Despite the recent FCC investigation into AT&T's outage that blocked 25,000 calls to 911, investors seem to be focusing more on the company's financial performance and future prospects.
• The overall bullish sentiment in the market might have overshadowed any concerns related to the outage, especially with the company's revenue report meeting expectations and receiving a Buy rating from Goldman Sachs.