AT&T and Verizon stock lifted by upgrade, and other shares on the move

Dow Jones2023-08-29

MW AT&T and Verizon stock lifted by upgrade, and other shares on the move

By MarketWatch

Here are some of the biggest movers of the day:

Stock gainers:

AT&T$(T)$ and Verizon Communications$(VZ)$ stock each rose 2%, as Citi upgraded both telecommunications companies to buy/high-risk from neutral.

Hawaiian Electric Industries $(HE)$ stock rose 6%, extending Monday's 45% surge when it denied being responsible for deadly wildfires.

Shares of Joann Inc. $(JOAN)$ jumped 9% after the arts and crafts retailer posted fiscal second-quarter sales above consensus, saying that early Halloween products at the stores helped.

Stock decliners:

Vahanna Tech Edge Acquisition$(VHNA)$ shares fell 11%, a day after rallying 21% after shareholders approved a business combination with insurance technology company Roadzen.

-MarketWatch

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

August 29, 2023 05:26 ET (09:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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