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Buying Buzz: AT&T, Inc. [T] Director LUCZO STEPHEN J acquires 62,500 shares of the company


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $6.69 million following the completion of this transaction.

As published in a research note from Barclays on April 29, 2024, AT&T, Inc. [T] has been rated up from an Equal weight to an Overweight and the price target has been revised to $20. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of February 01, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for T. Earlier on January 19, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for T stock which previously was a “a Perform”.

Analyzing T Stock Performance

During the last five days, there has been a surge of approximately 0.65%. Over the course of the year, AT&T, Inc. shares have jumped approximately 0.83%. 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 $16.95, while a 200-day SMA reached $15.97. Nevertheless, trading volume fell to 39.0 million shares from 31.82 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 16.77, which, if violated, would cause prices to drop to 16.61. In the upper region, resistance lies at 17.09. The next price resistance is at 17.25. RSI (Relative Strength Index) is 52.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 26.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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