By Emily Bary
AT&T stock on track for 2022 performance nearly 25 percentage points better than Verizon’s, which would be only the fourth time that has happened since 1983
Shares of Verizon Communications Inc. are on track for their worst annual performance on record following a string of subscriber losses that have prompted questions about the company’s promotional strategy and the strength of its network.
Verizon shares VZ, +0.36% are down 27.3% so far in 2022 through Wednesday, which would mark their worst annual percentage decline on record, according to Dow Jones Market Data. The performance is notable as shares of Verizon’s main peers have fared significantly better over the course of 2022: AT&T Inc.’s stock T, -0.22% is down just 2.3% thus far, while T-Mobile US Inc.’s TMUS, +0.43% is up 22.0% and on track for its sixth double-digit annual gain in the past eight years.