Verizon Communications Inc’s filing revealed that its Officer Silliman Craig L. acquired Company’s shares for reported $0.39 million on Nov 01 ’24. In the deal valued at $42.13 per share,9,259 shares were bought.
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Then, Silliman Craig L. bought 9,259 shares, generating $416,285 in total proceeds.
Before that, Silliman Craig L. bought 9,259 shares. Verizon Communications Inc shares valued at $388,785 were divested by the Officer at a price of $41.99 per share.
KeyBanc Capital Markets downgraded its Verizon Communications Inc [VZ] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Redburn Atlantic also remained covering VZ and has increased its forecast on March 22, 2024 with a “Neutral” recommendation from previously “Sell” rating. Barclays revised its rating on January 31, 2024. It rated VZ as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of VZ
On Tuesday, Verizon Communications Inc [NYSE:VZ] saw its stock jump 0.49% to $41.26. Over the last five days, the stock has lost -0.17%. Verizon Communications Inc shares have risen nearly 9.44% since the year began. Nevertheless, the stocks have risen 14.55% over the past one year. While a 52-week high of $45.36 was reached on 09/30/24, a 52-week low of $35.40 was recorded on 01/11/24. SMA at 50 days reached $43.15, while 200 days put it at $41.20.
Levels Of Support And Resistance For VZ Stock
The 24-hour chart illustrates a support level at 40.97, which if violated will result in even more drops to 40.68. On the upside, there is a resistance level at 41.41. A further resistance level may holdings at 41.56. The Relative Strength Index (RSI) on the 14-day chart is 40.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.22%. Stochastics %K at 13.82% indicates the stock is a buying.
How much short interest is there in Verizon Communications Inc?
A steep rise in short interest was recorded in Verizon Communications Inc stocks on 2024-10-15, dropping by -7.43 million shares to a total of 48.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 56.02 million shares. There was a decline of -15.3%, which implies that there is a negative sentiment for the stock.
