AT&T shares rise amidst strong market, still lag behind competitors

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AT&T shares rise amidst strong market, still lag behind competitors

On Thursday, AT&T Inc (NYSE: T ).'s stock experienced its fourth consecutive day of gains, closing at $15.73, a 0.96% increase. This positive performance occurred in the context of a robust market, with both the S&P 500 Index and the Dow Jones Industrial Average posting strong figures, reaching 4,317.78 and 33,839.08 respectively.

Despite this upward trend for AT&T, the telecom giant's performance was overshadowed by competitors such as Netflix (NASDAQ: NFLX ), Walt Disney (NYSE: DIS ) Co., and Comcast Corp (NASDAQ: CMCSA ). Netflix ended Thursday's trading at $424.71, while Walt Disney Co. and Comcast Corp. closed at $83.29 and $42.50 respectively.

Trading volume for AT&T on Thursday stood at 35.1 million shares, falling short of its 50-day average of 38.4 million shares. Furthermore, despite the recent gains, AT&T's closing price remains significantly below its 52-week high of $21.53, which was achieved earlier this year on January 24th.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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