Verizon Communications (VZ) : Investors lapped up stocks on upticks to the tune of $75.24 million in the Tuesdays trading session. The trading value on downticks was comparatively at $63.74 million and the uptick to downtick ratio of 1.18 indicates continuous buying by the bulls. The net money flow into the stock was $11.5 million. The block trades were dominated by the bulls with a healthy 4.74, uptick to downtick ratio. Only $2.64 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $12.54 clearly indicating buying by large investors. The total money flow for block trades stood at $9.89 million, which is a positive for the stock in the long-term. Verizon Communications (VZ) fell $0.23 during the day at $52.27, a drop of -0.44% over the previous days close. However, for the week, the stock is 0.38%, compared to the previous week.
Also, Equity Analysts at the Morgan Stanley maintains the rating on Verizon Communications (NYSE:VZ). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $59 per share to $60 per share. The rating by the firm was issued on July 28, 2016.
Verizon Communications Inc. has lost 0.68% in the last five trading days and dropped 4.09% in the last 4 weeks. Verizon Communications Inc. is up 4.7% in the last 3-month period. Year-to-Date the stock performance stands at 16.86%.
Verizon Communications (NYSE:VZ): The stock opened at $52.58 on Tuesday but the bulls could not build on the opening and the stock topped out at $52.59 for the day. The stock traded down to $52.03 during the day, due to lack of any buying support eventually closed down at $52.27 with a loss of -0.44% for the day. The stock had closed at $52.50 on the previous day. The total traded volume was 9,161,865 shares.
In a related news, 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 $54.81 in a transaction dated on July 27, 2016. The total value of the transaction was worth $36,832.
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.