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AT&T Stock Seen Falling 20% Despite Court Victory

Michael Kramer

AT&T Inc. ( T) may have won its fight for Time Warner Inc. ( TWX) against the Department of Justice in court, but investors are not cheering, with the stock trading lower Wednesday by over 4% to $32.90 around noon. It adds to what has already been a painful year for AT&T, with shares already down by about 12.1% through Tuesday, and over 13% off the highs last seen in October 2017. Shares of AT&T have been trending lower since March 2017 and have shown no ability to reverse that trend.