This surge means that it has beaten the S&P 500 Index, which has risen by just 3.73%. AT&T stock price has done well as investors cheered the company’s turnaround strategy, including a dividend cut.

Why did AT&T become a popular stock again? Back in 2021 and 2022, AT&T spun off DirecTV, Time Warner, and many of its smaller media assets, abandoning its ill-fated attempt to bui ...