Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verizon Communications Inc shares valued at $261,623 were sold by Malady Kyle on Feb 04 ’25. At $39.70 per share, Malady Kyle sold 6,590 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Malady Kyle sold 8,000 shares, netting a total of over 319,080 in proceeds. Following the sale of shares at $39.88 each, the insider now holds 6,590 shares.
Before that, Malady Kyle had added 6,590 shares to its account. In a trade valued at $261,624, the Officer bought Verizon Communications Inc shares for $39.70 each.
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 1.00%. Over the course of the year, Verizon Communications Inc shares have jumped approximately 1.35%. 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 $40.33, while a 200-day SMA reached $41.21. Nevertheless, trading volume fell to 14.14 million shares from 15.18 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 40.25, which, if violated, would cause prices to drop to 39.98. In the upper region, resistance lies at 40.70. The next price resistance is at 40.88. RSI (Relative Strength Index) is 57.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 20.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
