New insider activity at Verizon ( (VZ) ) has taken place on January 31, 2025.
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Director Kyle Malady recently sold 11,085 shares of Verizon stock, totaling a transaction value of $453,154.
Recent Updates on VZ stock
In the past 24 hours, Verizon’s stock has seen multiple price target changes influenced by its recent earnings call and strategic initiatives. The company’s earnings call revealed a strong financial performance with a 3.1% increase in wireless service revenue and significant broadband subscriber growth. Verizon’s focus on AI through its Verizon AI Connect initiative, aimed at a $40 billion market, has been a positive factor for analysts. However, challenges such as promo amortization headwinds and pressures on wireline revenues have led to a cautious outlook. Additionally, Verizon’s efforts in debt reduction and dividend increases, along with the launch of new technology solutions for fleet management, have been noted as positive strategic moves. These developments have collectively led analysts to revise their price targets, balancing optimism in Verizon’s strategic direction with caution regarding ongoing market pressures.
More about Verizon
YTD Price Performance: 0.46%
Average Trading Volume: 19,983,588
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $166.2B