AT&T Stung Investors by Spinning Off Warner Bros. Discovery

Flying drone with camera

AT&T


‘s April decision to parcel out its big interest in

Warner Bros. Discovery


to all shareholders, rather than giving them the option of receiving an equivalent amount of the phone company’s stock, has turned out to be a bad move for investors. Warner stock has dropped sharply.

AT&T shares (ticker: T), which ended Tuesday at $18.02, are down just 1% since the spinoff on April 8, topping the returns of those of rival

Verizon Communications


(VZ) and the

S&P 500


index. But that calculation doesn’t factor in the Warner stock (WBD) received by AT&T holders.


Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

See also  GiveDirectly to Administer Cash Grants Pilot in Chicago

Thank you for reading this post, don't forget to subscribe!

We will be happy to hear your thoughts

Leave a reply

 
financetin
Logo
%d bloggers like this: