AT&T, Verizon, Frontier, and Lumen all get hammered after lead-cable reports.

AT&T’s stock price hit a 29-year low on Friday and continued to sink today as investors fled telecom stocks on reports that cleanups of lead-covered telephone cables could cost the industry tens of billions of dollars.

  • AggressivelyPassive@feddit.deEnglish
    142·
    1 year ago

    Also, a majority of stocks are never traded, really. It’s just sitting there in ETF or other funds/depots without ever being looked at.

    The short term price differences are solely based on valueless trades back and forth.