AT&T (T) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (45.88 million) in AT&T (T). On Tuesday, The value of composite uptick trades was $74 million, whereas, the value of composite downtick trades was $119.88 million and the ratio between the two was 0.62, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $48.14 million. $8.95 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.19. The negative money flow of ($39.2 million) shows selling on strength. AT&T (T) gained $0.32 intraday at $41 and registrered 0.79% for the week.
Also, Brokerage firm Citigroup maintains its rating on AT&T (NYSE:T). As per the latest information, the brokerage house raises the price target to $48 per share from a prior target of $46. The shares have been rated Buy. The rating by the firm was issued on July 19, 2016.
Shares of AT&T, Inc. appreciated by 0.1% during the last five trading days but lost 5.3% on a 4-week basis. AT&T, Inc. is up 6.76% in the last 3-month period. Year-to-Date the stock performance stands at 23.36%.
AT&T (NYSE:T): The stock opened at $41.14 on Tuesday but the bulls could not build on the opening and the stock topped out at $41.14 for the day. The stock traded down to $40.73 during the day, due to lack of any buying support eventually closed down at $40.89 with a loss of -0.27% for the day. The stock had closed at $41.00 on the previous day. The total traded volume was 11,217,626 shares.
In a related news, Stankey John T, officer (CEO?AT&T Entertainment Group) of At&T Inc., unloaded 2,131 shares at an average price of $43.38 on July 22, 2016. The total amount of the transaction was worth $92,443, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.