In a booming market on Wednesday, with the S&P 500 Index reaching 4,237.86 and the Dow Jones Industrial Average hitting 33,274.58, AT&T Inc (NYSE: T ).'s shares saw a notable increase. The telecommunications giant's stocks climbed 1.17% to $15.58, marking its third day of consecutive gains.
Despite being $5.95 short of its 52-week high of $21.53 recorded on January 24th, AT&T's performance surpassed Walt Disney (NYSE: DIS ) Co., which saw its shares decline to $81.07. However, AT&T's gains lagged behind those of Netflix (NASDAQ: NFLX ) and Comcast Corp (NASDAQ: CMCSA )., which surged to $420.19 and ascended to $41.82 respectively.
Highlighting the active trading environment surrounding AT&T, the company's trading volume reached a robust 41.3 million shares on Wednesday. This figure exceeded its 50-day average volume of 38.5 million shares, underlining the heightened investor interest in the firm amid the broader market rally.
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