AT&T CEO John Stankey Purchased $1 Million of Shares
When AT&T inventory tumbled this week, two of its prime executives purchased shares of the communications big on the open market.
AT&T (ticker: T) inventory slid after the corporate stated Monday it was spinning off WarnerMedia belongings, combining them with Discovery (DISCB). The transfer signaled AT&T will abandon media to concentrate on its communications roots. AT&T additionally stated it was slicing its dividend with the spinoff. CEO John Stankey by the inventory’s drop after saying “a fairly vital change within the general capital construction of the enterprise.”
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