Verizon stock price dips in premarket as insider sale notice lands and analysts lift targets
Verizon shares dipped roughly 0.5% to $44.38 in premarket action Tuesday, following a modest 0.2% gain to $44.61 on Monday.
AT&T stock price pops as Verizon buyback sparks telecom rally — what to watch next
AT&T shares closed Friday up 4.3% at $26.21, defying a weaker market as U.S. telecom stocks rallied late in the week. Verizon jumped 11.83%, while T-Mobile US gained 4.19%, even though the S&P 500 dipped 0.43%, according to market data.
Communication Services stocks: Verizon surge lifts Communication Services Select Sector SPDR Fund as Alphabet, Walt Disney earnings loom
Telecom stocks pushed communication services higher to close out the week, lifting the Communication Services Select Sector SPDR Fund roughly 0.3% to $120.08 on Friday. Verizon surged 11.8% to $44.52, while AT&T and T-Mobile US climbed 4.3% and 4.2%, respectively. Meta Platforms, however, dropped nearly 3%.
Verizon stock price ticks higher as Frontier deal closes; what VZ investors watch next
By 2:48 p.m. EST Tuesday, Verizon Communications Inc shares had risen roughly 0.4% to $39.07, following the closing of its cash acquisition of Frontier Communications Parent, according to an SEC filing. AT&T shares slipped about 0.2%, while T-Mobile US dropped around 0.6%. Frontier shareholders will receive $38.50 per share in cash, the filing stated.