NEW YORK – AT&T Inc. (NYSE: T) shares finished a volatile trading session in positive territory on Friday, demonstrating significant buyer resilience that has market watchers optimistic about the stock’s momentum heading into Monday’s opening bell.
The telecommunications giant closed the day at
0.080 or 0.29%. While a modest increase, the story of the day was one of recovery and strength. The stock opened at $28.00 and quickly rallied to a daily high of $28.18 in the morning session. However, it faced selling pressure midday, dipping to a low of $27.90.
Crucially, instead of continuing its decline, investors stepped in during the afternoon, driving the stock back up to close near its high. This strong rebound from the day’s low suggests a solid floor of support and an underlying bullish sentiment for the company.
Further bolstering the positive outlook, the current price is trading much closer to its 52-week high of $29.03 than its low of $18.14, indicating a sustained period of strong performance. Investors are also likely attracted to the company’s healthy 3.95% dividend yield, which provides a steady income stream and can attract long-term capital, stabilizing the stock price.
A slight dip in after-hours trading to $28.07 is being viewed by most analysts as negligible, likely representing minor profit-taking after the strong close.
Outlook for Monday:
Given the powerful recovery in the latter half of the trading day and the close in the green, the market is expected to go up for AT&T on Monday. The stock’s ability to shake off midday losses and finish strong signals that buyers are in control. Traders will be looking to see if this positive momentum can carry over and challenge the recent highs as the new trading week begins.
