Why AT&T Stock Dropped Today

·2 min read
Why AT&T Stock Dropped Today

Shares of AT&T (NYSE: T) fell 4.4% on Tuesday after comments by one of the telecom's key executives sparked concerns of slowing growth among investors. Speaking during the Wells Fargo Technology Media and Telecom Summit, AT&T Communications CEO Jeff McElfresh indicated that the strong customer growth the company experienced over the past year was likely to decelerate. "We suspect the activity level for postpaid in 2022 is probably going to subside," McElfresh said.

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