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Why AT&T Stock Dropped Today

TheMotleyFool

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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. "We're not forecasting it to be as strong as it was this year."

Source Fool.com

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