Verizon Communications Inc’s recent filing unveils that its Officer Malady Kyle acquired Company’s shares for reported $0.26 million on Feb 04 ’25. In the deal valued at $39.70 per share,6,590 shares were bought.
Then, Malady Kyle bought 8,000 shares, generating $319,080 in total proceeds.
Before that, Malady Kyle sold 11,085 shares. Verizon Communications Inc shares valued at $453,155 were divested by the EVP and Group CEO-VZ Business at a price of $40.88 per share. As a result of the transaction, Malady Kyle now holds 14,590 shares, worth roughly $0.58 million.
DZ Bank upgraded its Verizon Communications Inc [VZ] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early December with a ‘”a Mkt perform”‘ rating. KeyBanc Capital Markets also remained covering VZ and has decreased its forecast on October 24, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on July 01, 2024. It rated VZ as “a Buy”.
Price Performance Review of VZ
On Tuesday, Verizon Communications Inc [NYSE:VZ] saw its stock fall -0.43% to $39.81. Over the last five days, the stock has lost -1.46%. Verizon Communications Inc shares have fallen nearly -0.45% since the year began. Nevertheless, the stocks have fallen -6.31% over the past one year. While a 52-week high of $45.36 was reached on 01/29/25, a 52-week low of $37.58 was recorded on 01/10/25. SMA at 50 days reached $40.72, 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 39.65, which if violated will result in even more drops to 39.49. On the upside, there is a resistance level at 39.92. A further resistance level may holdings at 40.04. The Relative Strength Index (RSI) on the 14-day chart is 50.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.33%. Stochastics %K at 62.25% 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.
