Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verizon Communications Inc shares valued at $437,939 were sold by Venkatesh Vandana on Feb 25 ’25. At $43.79 per share, Venkatesh Vandana sold 10,000 shares. The insider’s holdings dropped to 14,459 shares worth approximately $0.63 million following the completion of this transaction.
Also, Venkatesh Vandana purchased 10,000 shares, netting a total of over 437,938 in proceeds.
Before that, Malady Kyle had sold 6,590 shares from its account. In a trade valued at $261,623, the EVP and Group CEO-VZ Business traded Verizon Communications Inc shares for $39.70 each. Upon closing the transaction, the insider’s holdings decreased to 6,590 shares, worth approximately $0.0.
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 1.84%. Over the course of the year, Verizon Communications Inc shares have jumped approximately 8.20%. Shares of the company reached a 52-week high of $43.97 on 02/25/25 and a 52-week low of $37.58 on 01/10/25. A 50-day SMA is recorded $40.25, while a 200-day SMA reached $41.36. Nevertheless, trading volume fell to 18.78 million shares from 18.65 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 42.97, which, if violated, would cause prices to drop to 42.66. In the upper region, resistance lies at 43.50. The next price resistance is at 43.72. RSI (Relative Strength Index) is 71.92 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 15.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
