T ▼ -1.6% - AT&T Inc. $T - AT&T Elects Fazal F. Merchant to Board of Directors AT&T shares fell 1.6% today following the company's election of Fazal F. Merchant to its board of directors. The market reaction suggests investors may have concerns about the board composition change or broader headwinds affecting the telecom sector, though the announcement itself provides no direct operational details that would explain the decline. 09-SEP-2026 04:30 PM ET