Shares of Verizon Communications (VZ) Sees Large Inflow of Net Money Flow

Verizon Communications (VZ) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.34. The total value of inflow transactions on upticks was $180.99 million, whereas, the total value of outflow trades on downticks was $77.46 million. The total money flow was $103.53 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $98.75 million. The total value of the trades done on upticks was $106.12 million. Downticks saw transactions worth $7.37 million. The total uptick to downtick ratio stood at 14.39, mildly in favor of the bulls. Verizon Communications (VZ) was trading with a -0.82% change over previous days close. It fell $0.43 during the day and reached $52.06. The stock was -0.95% compared to the previous weeks close.

Verizon

Shares of Verizon Communications Inc. appreciated by 0.37% during the last five trading days but lost 0.84% on a 4-week basis. Verizon Communications Inc. has dropped 4.49% during the last 3-month period . Year-to-Date the stock performance stands at 16.39%.

Verizon Communications (VZ) : 5 brokerage houses believe that Verizon Communications (VZ) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 14 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Verizon Communications (VZ). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 24 Wall Street Analysts endorse the stock as a Hold with a rating of 2.63.

Verizon Communications (NYSE:VZ): stock was range-bound between the intraday low of $51.81 and the intraday high of $52.439 after having opened at $52.31 on Wednesdays session. The stock finally closed in the red at $52.31, a loss of -0.82%. The stock remained in the red for the whole trading day. The total traded volume was 13,279,093 shares. The stock failed to cross $52.439 in Wednesdays trading. The stocks closing price on Thursday was $52.49.

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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