Verizon Communications Inc’s recent filing unveils that its EVP and Group CEO-VZ Business Malady Kyle unloaded 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 sold. As a result of this transaction, Malady Kyle now holds 0 shares worth roughly $0.0.
Then, Malady Kyle sold 8,000 shares, generating $319,080 in total proceeds. Upon selling the shares at $39.88, the EVP and Group CEO-VZ Business now owns 6,590 shares.
Before that, Malady Kyle bought 6,590 shares. Verizon Communications Inc shares valued at $261,624 were divested by the Officer at a price of $39.70 per share.
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 Friday, Verizon Communications Inc [NYSE:VZ] saw its stock jump 0.64% to $42.76. Over the last five days, the stock has gained 4.19%. Verizon Communications Inc shares have risen nearly 6.93% since the year began. Nevertheless, the stocks have risen 5.58% over the past one year. While a 52-week high of $45.36 was reached on 02/21/25, a 52-week low of $37.58 was recorded on 01/10/25. SMA at 50 days reached $40.15, while 200 days put it at $41.28.
Levels Of Support And Resistance For VZ Stock
The 24-hour chart illustrates a support level at 42.21, which if violated will result in even more drops to 41.66. On the upside, there is a resistance level at 43.27. A further resistance level may holdings at 43.78. The Relative Strength Index (RSI) on the 14-day chart is 75.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.51%. Stochastics %K at 95.31% indicates the stock is a selling.
