AT&T stock is testing key support levels. What’s pressuring T?
Desroches Plans To Step Down, Biry Will Take OverAT&T said in a regulatory filing that Pascal Desroches will leave his role as chief financial officer at the end of 2026, with his retirement becoming effective on Dec. 31, according to an SEC filing released yesterday. Jennifer Biry will assume the CFO position in 2027.Biry has previously served as CFO of McAfee and has held senior roles at AT&T since 1999 across finance, sales and strategy. She also served as CFO of WarnerMedia from 2020 to 2022 when the business operated under AT&T.Critical Levels To Watch For AT&T StockAT&T continues to trade in a weak technical setup. The stock sits 7.2% under the 20-day simple moving average, 11.2% under the 50-day simple moving average and roughly 15% under both the 100 day and 200-day averages. The death cross that appeared in May, when the 50-day average slipped below the 200-day average, keeps the broader trend tilted downward until price can climb back above these longer-term reference points.Momentum is showing early signs of improvement. MACD is above its signal line and the histogram is positive, which indicates that selling pressure is easing compared to the prior decline. When MACD rises above the signal line, it often reflects a shift where sellers begin to lose control even if the overall trend has not reversed.
