Stock Market Today, Oct. 9: AT&T Slides on SpaceX Spectrum Deal Threat
AT&T shares closed at $22.17, down 9.81%, amid competitive concerns for legacy wireless providers after SpaceX's spectrum deal. Trading volume was 140.3 million shares, about 182% above its three-month average.
Why it matters — T watchers are weighing the potential competitive implications of the spectrum deal while looking to Q3 earnings for guidance and subscriber trends.