Large Outflow of Money Witnessed in Verizon Communications

Verizon Communications (VZ): The stock had negative money flow to the tune of ($44.3 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $97.12 million, whereas, the outflow of money on downticks was $141.41 million and the ratio between the two was 0.69. The block trade had a negative net money flow of ($43.86 million). The total block trade value undertaken on upticks was $19.52 million. On the other hand, downticks amounted to $63.38 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.31. Verizon Communications (VZ) closed with marginal gains of 32 cents to end the day at $52.88, an increase of 0.61% over the previous days close. The stock recorded 1.56% for the week.


The company Insiders own 0.1% of Verizon Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.07% . Institutional Investors own 63.73% of Verizon Communications shares. During last six month period, the net percent change held by insiders has seen a change of -27.7%.

In a related news, The Securities and Exchange Commission has divulged that Silliman Craig L., officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, had unloaded 672 shares at an average price of $52.76 in a transaction dated on August 26, 2016. The total value of the transaction was worth $35,455.

Verizon Communications (NYSE:VZ): The stock opened at $52.8 and touched an intraday high of $53.14 on Friday. During the day, the stock corrected to an intraday low of $52.52, however, the bulls stepped in and pushed the price higher to close in the green at $52.88 with a gain of 0.61% for the day. The total traded volume for the day was 13,275,340. The stock had closed at $52.56 in the previous trading session.

Verizon Communications (VZ) has been under a strong bear grip, hence the stock is down -1.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.05% in the past 1 week. The stock has risen by 1.56% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.42% in the past 4 weeks.

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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