Shares of Verizon Communications (NYSE:VZ) Sees Large Outflow of Money

Verizon Communications (NYSE:VZ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (122.99 million) in Verizon Communications (NYSE:VZ). On Wednesday, The value of composite uptick trades was $136.2 million, whereas, the value of composite downtick trades was $259.19 million and the ratio between the two was 0.53, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $138.97 million. $21.86 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.16. The negative money flow of ($117.11 million) shows selling on strength. Verizon Communications (NYSE:VZ) gained $0.24 intraday at $55.06 and registrered 0.44% for the week.


In an insider trading activity,The officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, Silliman Craig L. sold 672 shares at $49.8 on May 26, 2016. The Insider selling transaction had a total value worth of $33,466. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. 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 -9.68% . Institutional Investors own 64.59% of Verizon Communications shares. During last six month period, the net percent change held by insiders has seen a change of -17.65%.

The company shares have rallied 16.64% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $55.22 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.83 and the 200 Day Moving Average price is recorded at $50.45. Verizon Communications (NYSE:VZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.92 and $54.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.06, notching a gain of 0.44% for the day. The total traded volume was 18,184,056 . The stock had closed at $54.82 on the previous day.

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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