What's Going On With AT&T, Verizon, Lumen Tech Stocks Wednesday?
Portfolio Pulse from Anusuya Lahiri
AT&T, Verizon, and Lumen Technologies stocks are trading higher after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This comes in response to a story last week indicating that several telecom giants have networks of underground cables covered in toxic lead. AT&T and Verizon have lost 14% and 10% of their stock value, respectively, since the report on July 9.
July 19, 2023 | 11:31 am
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POSITIVE IMPACT
Lumen Technologies' stock is trading higher following AT&T's announcement about the extent of lead-clad cables in its network.
Lumen Technologies' stock is likely benefiting from AT&T's clarification, as it reduces overall industry uncertainty about the extent of lead-clad cables in telecom networks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AT&T's stock is trading higher after the company clarified the extent of lead-clad cables in its network.
AT&T's clarification about the extent of lead-clad cables in its network has led to a positive reaction in the stock market, indicating investor confidence in the company's handling of the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Verizon's stock is trading higher following AT&T's announcement about the extent of lead-clad cables in its network.
Verizon's stock is likely benefiting from AT&T's clarification, as it reduces overall industry uncertainty about the extent of lead-clad cables in telecom networks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80