Verizon Communications Inc’s filing revealed that its Officer Silliman Craig L. acquired Company’s shares for reported $0.42 million on Oct 01 ’24. In the deal valued at $44.96 per share,9,259 shares were bought.
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Then, Silliman Craig L. bought 9,259 shares, generating $388,785 in total proceeds.
Before that, Silliman Craig L. bought 9,259 shares. Verizon Communications Inc shares valued at $377,026 were divested by the Former Officer at a price of $40.72 per share.
Goldman initiated its Verizon Communications Inc [VZ] rating to a Buy in a research note published on July 01, 2024; the price target was $50. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in late March from “a Sell” to “a Neutral”. Barclays also remained covering VZ and has decreased its forecast on January 31, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Daiwa Securities revised its rating on January 24, 2024. It rated VZ as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of VZ
On Tuesday, Verizon Communications Inc [NYSE:VZ] saw its stock fall -5.03% to $41.50. Over the last five days, the stock has lost -5.12%. Verizon Communications Inc shares have risen nearly 10.08% since the year began. Nevertheless, the stocks have risen 31.45% over the past one year. While a 52-week high of $45.36 was reached on 09/30/24, a 52-week low of $31.26 was recorded on 01/11/24. SMA at 50 days reached $42.99, while 200 days put it at $41.07.
Levels Of Support And Resistance For VZ Stock
The 24-hour chart illustrates a support level at 40.62, which if violated will result in even more drops to 39.74. On the upside, there is a resistance level at 42.51. A further resistance level may holdings at 43.52. The Relative Strength Index (RSI) on the 14-day chart is 32.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.19%. Stochastics %K at 34.03% indicates the stock is a holding.
How much short interest is there in Verizon Communications Inc?
A steep rise in short interest was recorded in Verizon Communications Inc stocks on 2024-09-30, growing by 5.35 million shares to a total of 51.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 45.95 million shares. There was a rise of 10.44%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 16, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $45.
