What's Going On With AT&T Stock Today?
Portfolio Pulse from Ryan Gustafson
AT&T Inc. (NYSE:T) shares have been trending higher over the past week, up about 8% since last Wednesday. The company guided third-quarter free cash flow of $4.5 billion to $5 billion, which has contributed to the stock's rise. Despite the recent gains, the stock is down 15.24% year-to-date.
September 20, 2023 | 6:22 pm
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AT&T's stock has been trending upwards, with an 8% increase over the past week. This is largely due to the company's Q3 free cash flow guidance of $4.5-5 billion. However, the stock is still down 15.24% YTD.
The recent increase in AT&T's stock price can be attributed to the company's positive Q3 free cash flow guidance. This has likely boosted investor confidence, leading to the stock's upward trend. However, the overall YTD performance remains negative, indicating that there may still be underlying issues or concerns affecting the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100