Telus Shares Plunge 3.02% Amid JPMorgan Stake Cut, Contract Loss

Telus (TU) shares fell 3.02% today, marking the third consecutive day of decline, with a total drop of 4.95% over the past three days. The stock price hit its lowest level since January 2025, experiencing an intraday decline of 4.00%.

JPMorgan Chase & Co. reduced its stake in Telus by 21.5% during the fourth quarter. This significant reduction in holdings could negatively impact investor perception and contribute to a decrease in the stock price. Investors often view such moves as a lack of confidence in the company's future prospects, which can lead to a sell-off.

Meta's decision to cancel a content moderation contract with Telus in Barcelona may have negative implications for Telus's revenue and business operations. The loss of this contract could affect Telus's financial performance, potentially leading to a decrease in stock price as investors reassess the company's earnings potential.

Despite a positive trend, the stock holds several negative signals, indicating that Telus Corporation might perform weakly in the coming months. This negative outlook can influence investor sentiment, leading to a decline in stock price as investors become more cautious about the company's future prospects.

Over the last three years, Telus Corporation experienced a 64% aggregate decline in earnings per share (EPS). This weak financial performance suggests that the company may be struggling to maintain profitability, which can contribute to a decrease in stock price as investors become concerned about the company's long-term viability.

There has been an increase in short sale volume, with a total of 538.2K shares. This indicates bearish sentiment among investors, who are betting on a further decline in the stock price. The increase in short selling can put downward pressure on the stock price, as more shares are sold short, leading to a decrease in demand and a potential decline in the stock price.