Verizon Communications (VZ) : The total negative money flow of $16.35 million on Monday indicates selling on strength. The inflow of money on upticks was $53.23 million, compared to $69.58 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.76. The negative money flow of $19.26 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $6.47 million in a block trade.The transaction value of block trade on downtick was $25.73 million. The uptick to downtick ratio was 0.25. The price action in the Verizon Communications (VZ) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $53.68 with a gain of $0.03 , a change of 0.05% over the previous days close. The stock registered 0.07% for the week.
Shares of Verizon Communications Inc. appreciated by 0.04% during the last five trading days but lost 3.99% on a 4-week basis. Verizon Communications Inc. is up 5.7% in the last 3-month period. Year-to-Date the stock performance stands at 19.85%.
Verizon Communications (NYSE:VZ): The stock opened at $53.66 on Monday but the bulls could not build on the opening and the stock topped out at $53.85 for the day. The stock traded down to $53.53 during the day, due to lack of any buying support eventually closed down at $53.61 with a loss of -0.07% for the day. The stock had closed at $53.65 on the previous day. The total traded volume was 8,250,875 shares.
In a related news,The officer (EVP of PubPolicy & Gen Counsel) of Verizon Communications Inc, Silliman Craig L. sold 672 shares at $54.81 on July 27, 2016. The Insider selling transaction had a total value worth of $36,832. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.