Verizon Communications Inc’s recent filing unveils that its EVP-PubPol&ChiefLegalOfficer Venkatesh Vandana unloaded Company’s shares for reported $0.44 million on Feb 25 ’25. In the deal valued at $43.79 per share,10,000 shares were sold. As a result of this transaction, Venkatesh Vandana now holds 14,459 shares worth roughly $0.62 million.
Then, Venkatesh Vandana bought 10,000 shares, generating $437,938 in total proceeds.
Before that, Malady Kyle sold 6,590 shares. Verizon Communications Inc shares valued at $261,623 were divested by the EVP and Group CEO-VZ Business at a price of $39.70 per share. As a result of the transaction, Malady Kyle now holds 0 shares, worth roughly $0.0.
Evercore ISI upgraded its Verizon Communications Inc [VZ] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Peer perform”. DZ Bank also remained covering VZ and has increased its forecast on January 29, 2025 with a “Buy” recommendation from previously “Hold” rating. Bernstein started covering the stock on December 10, 2024. It rated VZ as “a Mkt perform”.
Price Performance Review of VZ
On Tuesday, Verizon Communications Inc [NYSE:VZ] saw its stock jump 0.61% to $43.19. Over the last five days, the stock has lost -2.51%. Verizon Communications Inc shares have risen nearly 8.00% since the year began. Nevertheless, the stocks have risen 7.63% over the past one year. While a 52-week high of $47.35 was reached on 03/10/25, a 52-week low of $37.58 was recorded on 01/10/25. SMA at 50 days reached $43.39, while 200 days put it at $42.00.
Levels Of Support And Resistance For VZ Stock
The 24-hour chart illustrates a support level at 41.93, which if violated will result in even more drops to 40.67. On the upside, there is a resistance level at 44.06. A further resistance level may holdings at 44.93. The Relative Strength Index (RSI) on the 14-day chart is 47.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.50%. Stochastics %K at 47.21% 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 2025-03-31, growing by 7.37 million shares to a total of 72.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 64.88 million shares. There was a rise of 10.2%, which implies that there is a positive sentiment for the stock.
