Verizon Communications (VZ) stock had a bullish inflow of $142.71 million worth of trades on uptick and an outflow of $102.37 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.39. The net money flow into the stock was $40.34 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $36.95 million. An inflow of $18.1 million block trade was recorded on downticks. $55.05 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 3.04 in favor of the bulls. However, Verizon Communications (VZ) stock traded down $0.16 , and reached $55.84, a drop of -0.29% over the previous day. On a weekly basis, the stock is -0.11%, over the previous weeks close.
The stock has recorded a 20-day Moving Average of 2.31% and the 50-Day Moving Average is 7.21%. Shares have rallied 17.97% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $56.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $53.07 and the 200 Day Moving Average price is recorded at $51.06.
Verizon Communications (NYSE:VZ): The stock opened at $55.62 on Thursday but the bulls could not build on the opening and the stock topped out at $56.10 for the day. The stock traded down to $55.62 during the day, due to lack of any buying support eventually closed down at $55.84 with a loss of -0.29% for the day. The stock had closed at $56.00 on the previous day. The total traded volume was 11,098,513 shares.
In an insider trading activity,The Officer (Evp Of Pubpolicy & Gen Counsel) of VERIZON COMMUNICATIONS INC, Silliman Craig L. sold 672 shares at $54.56 on June 24, 2016. The Insider selling transaction had a total value worth of $36,664. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.