When AT&T stock tumbled this week, two of its top executives bought shares of the communications giant on the open market.
AT&T (ticker: T) stock slid after the company said Monday it was spinning off WarnerMedia assets, combining them with Discovery (DISCB). The move signaled AT&T will abandon media to focus on its communications roots. AT&T also said it was cutting its dividend with the spinoff. CEO John Stankey by the stock’s drop after announcing “a pretty significant change in the overall capital structure of the business.”
