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Should You Buy Verizon Communications Inc. (VZ) Stock After it Has Risen 5.02% in a Week?

Friday, December 17, 2021 01:53 PM | InvestorsObserver Analysts
Should You Buy Verizon Communications Inc. (VZ) Stock After it Has Risen 5.02% 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. 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 $52.71 as of 1:42 PM on Friday, Dec 17, a decline of -$0.04, or -0.08% from the previous closing price of $52.75. Volume today is less active than usual. So far 16,162,585 shares have traded compared to average volume of 22,268,089 shares. The stock has traded between $52.36 and $53.15 so far today.

More About Verizon Communications Inc.

Verizon is now primarily a wireless business (more than 70% of revenue and nearly all operating income). It serves about 91 million postpaid and 4 million prepaid phone customers and connects another 25 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. The firm has agreed to acquire Tracfone, a wireless reseller that serves about 20 million prepaid customers in the U.S., from America Movil. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue. Click Here to get the full Stock Report for Verizon Communications Inc. stock.

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