Large Outflow of Money Witnessed in AT&T

AT&T (NYSE:T) managed to stay afloat and traded higher with an addition of 0.01 point or 0.02% at $40.34. The money flow data is a negative $(-18.59) million with $55.23 million in upticks and $73.81 million in downticks. The intraday up/down ratio came in at 0.75. The shares have seen 2.88% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $4.53 million and the combined worth of the downticks was $18.8, Million, leading to the up/down ratio of 0.24. The block trade saw a net money flow of $(-14.27) million.


Currently the company Insiders own 0.07% of AT&T shares according to the proxy statements. Institutional Investors own 54.28% of AT&T shares. On the companys insider trading activities, 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 (NYSE:T) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.14 points or 0.35% at $40.19 with 16,769,475 shares getting traded. Post opening the session at $40.19, the shares hit an intraday low of $40.13 and an intraday high of $40.46 and the price was in this range throughout the day. The company has a market cap of $247,410 million and the number of outstanding shares have been calculated to be 6,156,000,000 shares. The 52-week high of AT&T (NYSE:T) is $40.53 and the 52-week low is $30.97.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Cowen & Company maintains its rating on AT&T (NYSE:T).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Cowen & Company raises the new price target from $41 per share to $44 per share. The rating by the firm was issued on April 27, 2016.

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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