FMP
May 11, 2025 6:00 PM - Alex Lavoie(Last modified: May 12, 2025 1:36 PM)
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Verizon Communications Inc. (NYSE:VZ) is a major player in the global technology and communications sector. The company, based in New York City, offers a wide array of services, including data, video, and voice solutions. Verizon is known for its focus on mobility, reliable network connectivity, and security. In 2023, Verizon reported impressive revenues of $134 billion, underscoring its strong market presence.
Hans Vestberg, Verizon's Chairman and CEO, is scheduled to speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 14. This event is significant for investors and stakeholders, as Vestberg's insights could provide valuable information about Verizon's future strategies and market position. The presentation will be accessible via webcast, with details available on Verizon’s Investor Relations website.
Recently, Malady Kyle, Executive Vice President and Group CEO of VZ Business, sold 9,701 shares of Verizon's common stock at $43.81 per share. This insider trading activity, filed under Form 4 with the SEC, leaves Kyle with 307 shares. Such transactions can sometimes indicate an executive's perspective on the company's stock value or personal financial planning.
Verizon's current stock price is $43.61, showing a slight increase of 0.0003, or approximately 0.07%, today. The stock has fluctuated between $43.32 and $43.88 during the trading day. Over the past year, Verizon's stock has seen a high of $47.36 and a low of $37.59, reflecting the market's dynamic nature. The company's market capitalization stands at approximately $183.87 billion, highlighting its significant size in the industry.
Today's trading volume for Verizon is 7,742,605 shares, indicating active investor interest. As Verizon continues to navigate the competitive landscape, its performance at the J.P. Morgan conference and recent insider trading activities may influence investor sentiment and the company's stock trajectory.
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