Large Outflow of Money Witnessed in Verizon Communications

Verizon Communications (NYSE:VZ) traded on a positive note gaining 0.07 points or 0.13% to be valued at $52.74 per share. Intraday, the shares aggregated $65.91 million in upticks but saw an exodus of $83.06 million in downticks. The net money flow was calculated to be $(-17.15) million with the final up/down ratio coming in at 0.79. The share price has seen a change of 3.57% in value during the week. Block trade of up/down ratio of 0.18 was also registered with $3.15 million in upticks and $17.86 million in downticks. The net money flow for the block exchange was disappointing at $(-14.71) Million.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Silliman Craig L., officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, had unloaded 672 shares at an average price of $49.8 in a transaction dated on May 26, 2016. The total value of the transaction was worth $33,466.

Verizon Communications (NYSE:VZ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.19% at $52.57 with 12,472,762 shares getting traded. Post opening the session at $52.5, the shares hit an intraday low of $52.233 and an intraday high of $52.83 and the price was in this range throughout the day. The company has a market cap of $214,290 million and the number of outstanding shares have been calculated to be 4,076,288,100 shares. The 52-week high of Verizon Communications (NYSE:VZ) is $54.49 and the 52-week low is $38.06.

Many analysts have stated their opinion on the company shares. Barclays maintains its rating on Verizon Communications (NYSE:VZ). The global brokerage major raises the current price target from $51 per share to $52 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on April 18, 2016.

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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