AT&T’s “186% Buy” Headline Masks a Merger — Its Drone Test Is the Real Investor Story
A Monday alert that cast Fifth Third Bancorp’s reported position in AT&T Inc. as a 186% surge mostly captured a bank merger, not a rush to buy the telecom stock. After adjusting for Fifth Third’s takeover of Comerica, the combined holding actually fell by 16,488 shares, or 0.6%, during the first quarter.