Large Inflow of Money Detected in AT&T

AT&T (T) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.18. The total value of inflow transactions on upticks was $138 million, whereas, the total value of outflow trades on downticks was $116.9 million. The total money flow was $21.1 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $17.12 million. The total value of the trades done on upticks was $50.84 million. Downticks saw transactions worth $33.72 million. The total uptick to downtick ratio stood at 1.51, mildly in favor of the bulls. AT&T (T) was trading with a -0.14% change over previous days close. It fell $0.06 during the day and reached $42.71. The stock was -0.42% compared to the previous weeks close.


Also, Barclays maintains its view on AT&T (NYSE:T) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $42 per share to $45 per share on AT&T . The rating by the firm was issued on July 15, 2016.

AT&T (NYSE:T): The stock opened at $42.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.81 for the day. The stock traded down to $42.52 during the day, due to lack of any buying support eventually closed down at $42.71 with a loss of -0.14% for the day. The stock had closed at $42.77 on the previous day. The total traded volume was 14,088,416 shares.

The stock has recorded a 20-day Moving Average of 1.15% and the 50-Day Moving Average is 6.1%. In a related news, 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 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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