Shares of AT&T (T) Rally 0.66%

On a relative basis, the stock has outperformed the S&P 500 by 0.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.66% in the last 1 week, and is up 5.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.53% and the 50-Day Moving Average is 7.25%.

AT&T (NYSE:T): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.91 and $42.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.89, notching a gain of 0.28% for the day. The total traded volume was 16,646,630 . The stock had closed at $42.77 on the previous day.


The company Insiders own 0.07% of AT&T shares according to the proxy statements. Institutional Investors own 53.91% of AT&T shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of At&T Inc., Rose Matthew K, had purchased 21,950 shares in a transaction dated on August 6, 2015. The transaction was executed at $34.15 per share with total amount equaling $749,593.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

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