Millennial investors were piling into AT&T in anticipation its big merger with Time Warner would get approved (T)
Data from the free-trading app Robinhood, popular amongst millennials, showed 7,278 investors bought AT&T shares using the app over the past week. It is unclear as to what specific days the transactions occurred, so it is possible the bulk of the purchases came after the deal’s approval was announced.
Source:: https://finance.yahoo.com/news/millennial-investors-were-piling-t-173800026.html