Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $6.65 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 surge of approximately 4.28%. Over the course of the year, AT&T, Inc. shares have jumped approximately 0.18%. 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 $16.96, while a 200-day SMA reached $15.91. Nevertheless, trading volume fell to 73.99 million shares from 47.8 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 16.45, which, if violated, would cause prices to drop to 16.09. In the upper region, resistance lies at 17.10. The next price resistance is at 17.39. RSI (Relative Strength Index) is 50.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 45.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
