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AT&T Inc (T) Stock: What Does the Chart Say Friday?

Friday, February 23, 2024 03:21 PM | InvestorsObserver Analysts

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AT&T Inc (T) Stock: What Does the Chart Say Friday?

AT&T Inc (T) stock is down 1.40% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
AT&T Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on T!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With T Stock Today?

AT&T Inc (T) stock is trading at $16.85 as of 3:12 PM on Friday, Feb 23, a rise of $0.25, or 1.51% from the previous closing price of $16.60. The stock has traded between $16.54 and $16.86 so far today. Volume today is light. So far 20,635,079 shares have traded compared to average volume of 42,272,839 shares. To see InvestorsObserver's Sentiment Score for AT&T Inc click here.

More About AT&T Inc

The wireless business contributes about two thirds of AT&T's revenue following the spinoff of WarnerMedia. The firm is the third- largest U.S. wireless carrier, connecting 67 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 20% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 10% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 20 million customers, but this business only accounts for 2% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements. Click Here to get the full Stock Report for AT&T Inc stock.

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