AT&T (NYSE:T)’s shares experienced a slight increase on Monday, putting an end to a three-day decline. The company’s stock rose by 0.35% to $14.41, although still remaining $7.12 short of its peak on January 24, 2023.
The uptick in AT&T’s stock occurred during a successful day for the broader market. Both the S&P 500 Index and Dow Jones Industrial Average followed an upward trajectory, with gains of 1.06% and 0.93% respectively.
Despite this positive trend for AT&T, the telecommunications giant couldn’t keep pace with its industry rivals. Netflix (NASDAQ:NFLX)’s stock ended trading at $360.82, Walt Disney (NYSE:DIS) Co.’s at $85.71, and Comcast Corp (NASDAQ:CMCSA).’s at $44.25.
In terms of trading volume, AT&T saw a lower than average number of shares changing hands. The company’s trading volume for the day stood at 31.6 million, compared to its regular 50-day average.
