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Is Verizon Communications Inc. (VZ) a Stock to Watch After Losing -0.45% This Week?

Friday, August 18, 2023 02:47 PM | InvestorsObserver Analysts

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Is Verizon Communications Inc. (VZ) a Stock to Watch After Losing -0.45% This Week?

The market has been down on Verizon Communications Inc. (VZ) stock recently. VZ gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With VZ Stock Today?

Verizon Communications Inc. (VZ) stock is trading at $33.21 as of 2:39 PM on Friday, Aug 18, an increase of $0.15, or 0.45% from the previous closing price of $33.06. The stock has traded between $32.86 and $33.42 so far today. Volume today is low. So far 10,379,455 shares have traded compared to average volume of 30,096,555 shares.

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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