Why did Deutsche Telekom fall on 6 October?
Written after the close on
Deutsche Telekom −1.57%
Deutsche Telekom fell clearly in the last session, likely on profit-taking after its recent run. Over the last five trading days it was roughly unchanged, while the S&P 500 rose clearly and the Communication Services sector was roughly flat, so the stock lagged the market and moved with its sector. The most likely driver is a Cloudflare partnership announced yesterday, which may have raised questions about how much it adds to enterprise growth. Watch the early November earnings report for more on that partnership and on the sector backdrop.
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