Company Shares of Verizon Communications Rally 2.11%

Verizon Communications (NYSE:VZ) has climbed 2.11% in the past week and advanced 8.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.33% and the outperformance has advanced to 7.31% for the last 4 weeks period.

Verizon Communications (NYSE:VZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.43 and $53.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.78, notching a gain of 0.60% for the day. The total traded volume was 18,836,250 . The stock had closed at $53.46 on the previous day.

The company shares have rallied 13.32% from its 1 Year high price. On Apr 5, 2016, the shares registered one year high at $54.49 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.15 and the 200 Day Moving Average price is recorded at $49.89.

On the companys insider trading activities, Silliman Craig L., officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, unloaded 672 shares at an average price of $49.8 on May 26, 2016. The total amount of the transaction was worth $33,466, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. Brokerage firm Barclays maintains its rating on Verizon Communications (NYSE:VZ). As per the latest information, the brokerage house raises the price target to $52 per share from a prior target of $51. The shares have been rated Equal-weight. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.1% of Verizon Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.85% . Institutional Investors own 64.58% of Verizon Communications shares. During last six month period, the net percent change held by insiders has seen a change of -17.65%.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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