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Should You Buy Verizon Communications Inc. (VZ) Stock After it Is Higher By 0.86% in a Week?

Thursday, June 10, 2021 02:35 PM | InvestorsObserver Analysts

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Should You Buy Verizon Communications Inc. (VZ) Stock After it Is Higher By 0.86% in a Week?

The market has been down on Verizon Communications Inc. (VZ) stock recently. VZ gets a Bearish score from InvestorsObserver's 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 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 $57.47 as of 2:29 PM on Thursday, Jun 10, a gain of $0.45, or 0.79% from the previous closing price of $57.02. The stock has traded between $57.22 and $57.61 so far today. Volume today is less active than usual. So far 7,368,304 shares have traded compared to average volume of 16,918,451 shares.

To screen for more stocks like Verizon Communications Inc. click here.

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 Score Report on Verizon Communications Inc. (VZ) Stock.

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