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Why Vodafone (VOD) Stock Is Down Today

NEW YORK (TheStreet) -- Vodafone (VOD) shares are down -1.8% to $37.13 on Tuesday on the assumption that a bid from AT&T (T - Get Report) for the British multinational telecom is off the table.

According to a report in U.K. paper the Guardian, there had been bid speculation that AT&T would make a bid for the company was built into the company's share price on the FTSE 100 , despite AT&T denying such rumors months ago. 

However, as rumors that AT&T is making a bid for DirecTV (DTV - Get Report) heat up, the likelihood of a bid for Vodafone has decreased along with the company's share price this afternoon.

VOD Chart

VOD data by YCharts

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DTV $93.55 1.48%
T $33.14 -0.78%
VOD $32.32 -0.28%
AAPL $112.12 2.39%
FB $93.24 0.83%


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

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