Why AT&T Shares Are Tumbling Today


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AT&T Inc (NYSE:T) is trading lower Monday after Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and lowered the price target from $34 to $30.

The Barclays analyst cited challenging technicals as a result of the equity performance at Discovery Inc (NASDAQ:DISCA), which AT&T will be merging its media business with. 

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AT&T was among the top three trending stocks on Stocktwits at publication time. 

AT&T is set to announce its third-quarter financial results before the market opens on Oct. 21.

T Price Action: AT&T has traded as high as $33.88 over a 52-week period. It is making new 52-week lows during Monday's trading session.

The stock was down 2.62% at $26.06 at time of publication.

Photo: Mike Mozart from Flickr.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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