Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AT&T, Inc. shares valued at $971,875 were purchased by LUCZO STEPHEN J on Nov 13 ’23. At $15.55 per share, LUCZO STEPHEN J acquired 62,500 shares. The insider’s holdings grew to 395,500 shares worth approximately $6.38 million following the completion of this transaction.
As published in a research note from Wolfe Research on March 05, 2024, AT&T, Inc. [T] has been rated up from a Peer perform to an Outperform and the price target has been revised to $21. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of January 19, 2024, Oppenheimer has increased its “Perform” rating to a “an Outperform” for T. Earlier on October 20, 2023, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for T stock which previously was a “a Sector perform”.
Analyzing T Stock Performance
During the last five days, there has been a drop of approximately -3.65%. Over the course of the year, AT&T, Inc. shares have dropped approximately -3.93%. Shares of the company reached a 52-week high of $18.16 on 02/01/24 and a 52-week low of $15.94 on 04/16/24. A 50-day SMA is recorded $17.02, while a 200-day SMA reached $15.90. Nevertheless, trading volume fell to 27.15 million shares from 56.37 million shares the previous day.
Support And Resistance Levels for AT&T, Inc. (T)
According to the 24-hour chart, there is a support level at 16.04, which, if violated, would cause prices to drop to 15.95. In the upper region, resistance lies at 16.23. The next price resistance is at 16.33. RSI (Relative Strength Index) is 28.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 90.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
