All three major US wireless carriers closed down double digits on the same day, a rare sweep for names usually bought as defensive income. Moderna's 13.8% gain topped the board on the other side.
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All three major US wireless carriers are at the bottom of the board at the open, with T-Mobile down 8.9% and AT&T and Verizon close behind. Optical names lead the other side, Applied Optoelectronics up 8.9%.
AT&T's TBB baby bond marked a fresh 52-week low at $18.66, 0.9% under the floor it set on September 30. Buyers have not held a line here since last October, so the next bid is the one to watch.
- TAT&T Inc. (T)Sell$50K – $100KAug 14
A House member exiting up to $100,000 of AT&T hit the disclosure system just six days after the trade, unusually fast for a chamber where lags of more than 30 days are routine. Moore's only trade in this filing was the exit.
T Coverage
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Cathie Wood Sold SpaceX Stock the Same Day It Dropped Its Spectrum Bombshell
ARK Invest trimmed its SpaceX position hours before a seismic spectrum announcement sent wireless carriers into a tailspin, and the sequence of events raises a question the fund's disclosure timing can only…
SpaceX Climbs 4% on Nationwide Low-Band Spectrum Deal for Starlink Mobile; Verizon and AT&T Drop 7%
A nationwide spectrum purchase by SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is reshaping the competitive map for U.S. wireless, and the established carriers are taking the hit. SpaceX stock is at $166.89,…
SpaceX Just Got Permission to Compete With AT&T and Verizon From Orbit
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4 Dividends That Have Not Been Raised in Years and Are Still Worth Owning
A frozen dividend looks like a red flag until you see what is sitting behind it. Four companies have held their payouts flat for years, and the cash flow numbers behind each…
AT&T’s Smaller Dividend Now Rests on Stronger Foundations
AT&T cut its dividend in half back in 2022, and investors are still waiting to find out whether that painful reset actually fixed anything or just delayed a bigger problem.