Is it conceivable that shares of AT&T might trade for less than $5? Not to AT&T's board apparently. In an SEC filing, AT&T said it planned to ask shareholders to approve a 1-for-5 reverse stock split. The move is being proposed for its supposed psychological effect on investors. At AT&T's current stock price, the company's shares would trade for about $4.30 after AT&T completes its deal to sell its cable television business to Comcast for $47 billion in stock. With the reverse split, the number of shares outstanding would be reduced, lifting the price for each remaining share to more than $20. AT&T is now resorting to mind games ... This can't be a good sign. AT&T, Hardly a Penny Stock, Plans 1-for-5 Reverse Stock Split | 
