Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verizon Communications Inc shares valued at $809,800 were sold by Malady Kyle on Jan 28 ’25. At $40.49 per share, Malady Kyle sold 20,000 shares. The insider’s holdings dropped to 25,675 shares worth approximately $1.01 million following the completion of this transaction.
Also, Malady Kyle purchased 11,085 shares, netting a total of over 453,155 in proceeds.
Before that, Malady Kyle had sold 20,000 shares from its account. In a trade valued at $810,800, the EVP and Group CEO-VZ Business traded Verizon Communications Inc shares for $40.54 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.8 million.
As published in a research note from DZ Bank on January 29, 2025, Verizon Communications Inc [VZ] has been rated up from a Hold to a Buy and the price target has been revised to $40. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early December. As of October 24, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for VZ. Earlier on July 01, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for VZ stock.
Analyzing VZ Stock Performance
During the last five days, there has been a surge of approximately 0.74%. Over the course of the year, Verizon Communications Inc shares have dropped approximately -1.30%. Shares of the company reached a 52-week high of $40.88 on 01/29/25 and a 52-week low of $37.58 on 01/10/25. A 50-day SMA is recorded $40.86, while a 200-day SMA reached $41.20. Nevertheless, trading volume fell to 26.72 million shares from 24.24 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 38.97, which, if violated, would cause prices to drop to 38.47. In the upper region, resistance lies at 40.16. The next price resistance is at 40.85. RSI (Relative Strength Index) is 46.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.98, which suggests the price will decrease in the coming days. Percent R is at 42.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
