At&T Inc. (NYSE: T) is one of the largest telecommunications companies in the world. It was founded in 1983 and is headquartered in Dallas, Texas. It is a publicly traded company and its stock is listed on the New York Stock Exchange (NYSE). The company has a long and storied history, and its stock price has been volatile but generally on an upward trend. In this article, we'll take a look at the historical performance of AT&T's stock price.
The Early Years: AT&T Stock Price History
When AT&T was founded in 1983, its stock price was just $1.20 per share. While this may seem low today, at the time it was considered quite high. Over the next five years, the stock price steadily increased, reaching a peak of $20.80 per share in 1988. This represented a gain of over 1,500%, making it one of the best performing stocks of the decade. However, this was not to last, and the stock price soon began to decline.
The Early 2000s: AT&T Stock Price History
In the early 2000s, AT&T's stock price began to decline. The company had struggled to compete in the rapidly changing telecommunications industry and its stock price suffered. By 2004, the stock price had fallen to just $14.43 per share. However, this was to be the bottom for the stock price and it soon began to recover.
The Late 2000s: AT&T Stock Price History
The late 2000s saw a marked improvement in AT&T's stock price. The company had restructured and refocused its strategy, and this was reflected in the stock price. By 2008, the stock price had reached a five-year high of $41.95 per share. This was a gain of nearly 200% from the 2004 low. This trend of increasing stock price continued over the next few years and by 2013, the stock price had reached a peak of $37.80 per share.
The Early 2010s: AT&T Stock Price History
The early 2010s saw a period of stagnation for AT&T's stock price. The company was facing increasing competition in the telecommunications industry and its stock price was largely range-bound. By 2015, the stock price had fallen to $32.20 per share, a decline of nearly 15% from the 2013 high. However, the company was continuing to invest in its business and the stock price soon began to rebound.
The Late 2010s: AT&T Stock Price History
The late 2010s saw a renewed period of growth for AT&T's stock price. The company had successfully expanded its business and had begun to invest heavily in its content business. This was reflected in the stock price, which had climbed to $44.50 per share by 2019. This represented a gain of nearly 40% from the 2015 low.
The Early 2020s: AT&T Stock Price History
The early 2020s were a difficult time for AT&T's stock price. The stock price had begun to decline in 2019 due to a variety of factors, including the onset of the global pandemic in 2020. By 2021, the stock price had fallen to $31.50 per share, a decline of nearly 30% from the 2019 high. However, the company has since begun to recover, and the stock price has been steadily increasing since then.
The Future of AT&T Stock Price
Despite the recent volatility, AT&T's stock price has generally been on an upward trend. The company has continued to invest in its business and has built a strong content business. With a bright future ahead, AT&T's stock price is likely to continue to increase in the years to come.
Conclusion
At&T's stock price has had a long and storied history, with periods of both highs and lows. The company has been able to weather the storm and has continued to invest in its business. The stock price has been on an upward trend in recent years and is likely to remain so in the years to come.