# AT&T Shares Gain 1.63% as Close Stays Below Next-Session Resistance

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28801
Published: 2026-10-09T08:08:43.000Z
Updated: 2026-10-09T08:08:43.000Z
Section: Investing

> The stock closed at $24.87 on Oct. 8 after trading between $24.50 and $24.97, while AT&T advanced a planned fiber joint venture targeting more than 60 million locations by 2030.

AT&T shares rose 1.63% to $24.87 on Oct. 8, but the close remained below the $25.06 first-resistance reference for the next trading session.

The stock gained $0.40 from the previous close of $24.47. It opened at $24.62, reached $24.97 and fell as low as $24.50, with trading volume of 53.26 million shares.

The next-session daily pivot was $24.78. First support was $24.59, while first resistance was $25.06. These levels are calculated technical references, not company guidance or official exchange barriers.

AT&T closed above its 50-session exponential moving average at $24.80, but remained below the 20-session EMA at $24.90 and the 200-session EMA at $24.97. Daily RSI14 was 48.9. The daily MACD line was -0.21, compared with a -0.12 signal line and a -0.09 histogram.

Hourly momentum was positive, while daily momentum remained below bullish confirmation levels. The indicators describe recent trading conditions and do not establish a forecast for the stock.

AT&T announced Oct. 6 that it, Global Infrastructure Partners and CPP Investments agreed to form a U.S. fiber joint venture combining Forged Fiber 37 and Gigapower. AT&T will own 50%, with Global Infrastructure Partners and CPP Investments collectively holding the remaining 50%.

The transaction is expected to close in the first half of 2027, subject to conditions and regulatory approvals. AT&T said the venture is intended to support a target of more than 60 million fiber locations by the end of 2030.

“Fiber is the definitive connectivity technology for an AI-driven world,” AT&T Chairman and CEO John Stankey said. “Demand for symmetrical, high-capacity, low-latency connectivity is only increasing.”