Verizon Communications Inc’s recent filing unveils that its Officer Malady Kyle acquired Company’s shares for reported $0.41 million on Jan 27 ’25. In the deal valued at $40.72 per share,10,000 shares were bought.
Then, Malady Kyle bought 10,000 shares, generating $403,493 in total proceeds.
Before that, Silliman Craig L. bought 9,258 shares. Verizon Communications Inc shares valued at $409,852 were divested by the Officer at a price of $44.27 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 Monday, Verizon Communications Inc [NYSE:VZ] saw its stock jump 2.78% to $40.64. Over the last five days, the stock has gained 4.80%. Verizon Communications Inc shares have risen nearly 1.63% since the year began. Nevertheless, the stocks have fallen -1.55% over the past one year. While a 52-week high of $45.36 was reached on 01/27/25, a 52-week low of $37.58 was recorded on 01/10/25. SMA at 50 days reached $40.90, 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 40.19, which if violated will result in even more drops to 39.74. On the upside, there is a resistance level at 40.95. A further resistance level may holdings at 41.25. The Relative Strength Index (RSI) on the 14-day chart is 59.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.12%. Stochastics %K at 70.17% 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 2024-12-31, dropping by -7.2 million shares to a total of 57.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 64.41 million shares. There was a decline of -12.59%, which implies that there is a negative sentiment for the stock.
