Shares of cell phone carriers are trading lower following reports suggesting DISH Network could be selling wireless plans through Amazon.
Portfolio Pulse from Benzinga Newsdesk
Cell phone carrier stocks are down after reports indicate that DISH Network may sell wireless plans through Amazon, potentially increasing competition in the market.
May 25, 2023 | 3:50 pm
News sentiment analysis
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NEGATIVE IMPACT
AT&T's stock is trading lower due to increased competition from DISH Network potentially selling wireless plans through Amazon.
AT&T is a major cell phone carrier, and the news of DISH Network potentially selling wireless plans through Amazon could increase competition in the market, leading to a negative impact on AT&T's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
T-Mobile's stock is trading lower due to increased competition from DISH Network potentially selling wireless plans through Amazon.
T-Mobile is a major cell phone carrier, and the news of DISH Network potentially selling wireless plans through Amazon could increase competition in the market, leading to a negative impact on T-Mobile's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80