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They are very much related to the news, that's precisely why I linked to the stock charts: AT&T was flat overnight but opened (9am ET) with a -2.6% spike down,
by smcin 2y ago
They are very much related to the news, that's precisely why I linked to the stock charts: AT&T was flat overnight but opened (9am ET) with a -2.6% spike down, but has been recovering since. Their press release appears to have been Friday 7am ET shortly before market open [https://about.att.com/story/2024/addressing-illegal-download.html https://about.att.com/story/2024/addressing-illegal-download...].
Also as corroboration here's MarketWatch: "AT&T’s stock slides 3% after company discloses hack of calls and texts" [https://www.marketwatch.com/story/at-ts-stock-slides-2-9-after-company-discloses-hack-of-calls-and-texts-908a5fa1 https://www.marketwatch.com/story/at-ts-stock-slides-2-9-aft...]
- soulofmischief 2y agoI'm not saying there's no way the stock pullback wasn't caused by the hack, but it's also important to note that MarketWatch article only establishes correlation, not causation.
- seadan83 2y agoMost linked financial news is auto-generated and auto-correlated. Lots of "why did.." when nobody knows, and frankly there often is no why. Perhaps that was the day a retirement fund shifted money, who knows. While this price movement is very well correlated, perhaps causal even, but marketwatch (and all similar bottom feeders that are just trying to make ad revenue), it's a case of a broken clock being right. Those financial news sites which link recent news to stocks, eg Yahoo, benzings, - those recent news headlines are just the same as ad tech now. It is noise.