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Is it Time to Dump Verizon Communications Inc. (VZ) Stock After it Is Higher By 2.89% in a Week?

Friday, December 01, 2023 03:38 PM | InvestorsObserver Analysts

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Is it Time to Dump Verizon Communications Inc. (VZ) Stock After it Is Higher By 2.89% in a Week?

Overall market sentiment has been high on Verizon Communications Inc. (VZ) stock lately. VZ receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Verizon Communications Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VZ!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With VZ Stock Today?

Verizon Communications Inc. (VZ) stock is trading at $38.49 as of 3:33 PM on Friday, Dec 1, an increase of $0.16, or 0.43% from the previous closing price of $38.33. Volume today is light. So far 13,838,880 shares have traded compared to average volume of 23,131,090 shares. The stock has traded between $38.27 and $38.58 so far today. To screen for more stocks like Verizon Communications Inc. click here.

More About Verizon Communications Inc.

Verizon is primarily a wireless business (nearly 80% of revenue and nearly all operating income). It serves about 93 million postpaid and 24 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services. Click Here to get the full Stock Report for Verizon Communications Inc. stock.

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