Verizon Communications Inc’s filing revealed that its Officer Silliman Craig L. acquired Company’s shares for reported $0.41 million on Dec 02 ’24. In the deal valued at $44.27 per share,9,258 shares were bought.
Then, Silliman Craig L. bought 9,259 shares, generating $390,082 in total proceeds.
Before that, Silliman Craig L. bought 9,259 shares. Verizon Communications Inc shares valued at $416,285 were divested by the Officer at a price of $44.96 per share.
Bernstein initiated its Verizon Communications Inc [VZ] rating to a Mkt perform in a research note published on December 10, 2024; the price target was $48. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “a Sector weight”. Goldman began covering VZ with “Buy” recommendation on July 01, 2024. Redburn Atlantic revised its rating on March 22, 2024. It rated VZ as “a Neutral” which previously was an “a Sell”.
Price Performance Review of VZ
On Tuesday, Verizon Communications Inc [NYSE:VZ] saw its stock fall -1.74% to $38.92. Over the last five days, the stock has lost -1.72%. Verizon Communications Inc shares have fallen nearly -2.68% since the year began. Nevertheless, the stocks have fallen -3.18% over the past one year. While a 52-week high of $45.36 was reached on 01/03/25, a 52-week low of $37.56 was recorded on 01/07/25. SMA at 50 days reached $41.47, while 200 days put it at $41.37.
Levels Of Support And Resistance For VZ Stock
The 24-hour chart illustrates a support level at 38.51, which if violated will result in even more drops to 38.09. On the upside, there is a resistance level at 39.66. A further resistance level may holdings at 40.39. The Relative Strength Index (RSI) on the 14-day chart is 28.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.07%. Stochastics %K at 13.42% 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 2024-12-13, growing by 9.05 million shares to a total of 62.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 53.31 million shares. There was a rise of 14.52%, which implies that there is a positive sentiment for the stock.
