Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verizon Communications Inc shares valued at $409,852 were purchased by Silliman Craig L. on Dec 02 ’24. At $44.27 per share, Silliman Craig L. acquired 9,258 shares.
Also, Silliman Craig L. purchased 9,259 shares, netting a total of over 390,082 in proceeds.
Before that, Silliman Craig L. had added 9,259 shares to its account. In a trade valued at $416,285, the Officer bought Verizon Communications Inc shares for $44.96 each.
As published in their initiating research note from Bernstein on December 10, 2024, Verizon Communications Inc [VZ] has been a Mkt perform and the price target has been revised to $48. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in late October. As of July 01, 2024, Goldman has initiated its “Buy” rating for VZ. Earlier on March 22, 2024, Redburn Atlantic upgraded its rating. Their new recommendation was “a Neutral” for VZ stock which previously was a “a Sell”.
Analyzing VZ Stock Performance
During the last five days, there has been a surge of approximately 2.62%. Over the course of the year, Verizon Communications Inc shares have dropped approximately -2.03%. Shares of the company reached a 52-week high of $40.63 on 01/03/25 and a 52-week low of $37.58 on 01/10/25. A 50-day SMA is recorded $40.92, while a 200-day SMA reached $41.21. Nevertheless, trading volume fell to 23.39 million shares from 31.49 million shares the previous day.
Support And Resistance Levels for Verizon Communications Inc (VZ)
According to the 24-hour chart, there is a support level at 39.04, which, if violated, would cause prices to drop to 38.90. In the upper region, resistance lies at 39.36. The next price resistance is at 39.54. RSI (Relative Strength Index) is 43.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 47.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
