Large Inflow of Money Witnessed in Verizon Communications

Verizon Communications (VZ): $92.75 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.89. The value of trades done on upticks was $197.35 million, whereas, trades done on downticks were valued at $104.6 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $99.27 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $6.19 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 16.03 was strongly in favor of the bulls. The money flow in block trades was $93.08 million. Verizon Communications (VZ) fell $0.88 traded at $55.38, a change of -1.56% over the previous day. The stock is -1.51% for the week.


Verizon Communications (VZ) : 19 investment research analysts covering Verizon Communications (VZ) have an average price target of $52.63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $56 and the lowest target is $42 for the short term. Analysts expect the variance to be within $3.08 of the average price. The stock has recorded a 20-day Moving Average of 3.32% and the 50-Day Moving Average is 7.39%.

Verizon Communications (NYSE:VZ): The stock opened at $56.10 on Thursday but the bulls could not build on the opening and the stock topped out at $56.14 for the day. The stock traded down to $55.10 during the day, due to lack of any buying support eventually closed down at $55.38 with a loss of -1.56% for the day. The stock had closed at $56.26 on the previous day. The total traded volume was 13,574,093 shares.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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