AT&T Inc. (T) Moves Lower on Volume Spike for January 30

AT&T Inc. (T) Moves Lower on Volume Spike for January 30

AT&T Inc. (T) traded on unusually high volume on Jan. 30, as the stock lost 4.33% to close at $29.37. On the day, AT&T Inc. saw 92.68 million shares trade hands on 288,891 trades. Considering that the stock averages only a daily volume of 41.47 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $39.29 and $26.80 over the last 52-weeks, its 50-day SMA is now $29.80, and its 200-day SMA $31.02. AT&T Inc. has a P/B ratio of 1.16. It also has a P/E ratio of 5.8.

Wireless communication remains AT&T’s largest business, contributing nearly 40% of pro forma revenue. As the second-largest U.S. wireless carrier, AT&T connects more than 100 million devices, including 64 million postpaid and 15 million prepaid phone customers. The consumer and entertainment segment (about 25% of revenue) includes the consumer fixed-line and DirecTV satellite television businesses, serving 25 million television and 14 million Internet access customers. WarnerMedia (formerly Time Warner) now contributes about 18% of revenue with media assets that include HBO, the Turner cable networks, and the Warner Brothers studios. Fixed-line business communications (15%), Latin American satellite television (3%), and Mexican wireless services (2%) comprise the remainder of the firm.

Headquartered in Dallas, TX, AT&T Inc. has 269,280 employees and is currently under the leadership of CEO Randall L. Stephenson.

Share:
Scroll Up
error: Content is protected !!