AT&T Shares Are Sliding: What's Driving The Action?
AT&T (NYSE:T) shares are experiencing a significant decline, hitting new lows and testing key support levels due to a recent analyst downgrade and competitive concerns. Oppenheimer downgraded AT&T to Perform, citing rising competitive risks from low Earth orbit satellite providers that could impact broadband subscriber growth and mobile services. Despite broader market support, AT&T's stock is displaying heavily bearish long-term trends and is currently in oversold territory.
https://www.benzinga.com/trading-ideas/movers/26/06/53009697/att-shares-are-sliding-whats-driving-the-action