Shares of Verizon Communications (VZ) Drops by -0.11%

Verizon Communications (VZ) has risen sharply, recording gains of 3.83% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. Verizon Communications (VZ) : During the past 4 weeks, traders have been relatively bearish on Verizon Communications (VZ), hence the stock is down -0.52% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.58% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.98% and the 50-Day Moving Average is 6.97%.

Verizon Communications (NYSE:VZ): The stock was completely flat for the day, closing at $55.84 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $56.05, the stock touched an intraday high of $56.08 and a low of $55.60. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $55.84. The total trading volume on Friday was 13,949,691.


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 -14.52% . Institutional Investors own 64.6% of Verizon Communications shares. During last six month period, the net percent change held by insiders has seen a change of -22.06%. In a related news,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.

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