Verizon stock slides nearly 2% as consumer leadership shift and T-Mobile lawsuit collide
Verizon shares fell nearly 2% to $46.19 Friday as the company announced Sowmyanarayan Sampath will step down as head of its consumer group, with Alfonso Villanueva taking over as interim CEO. The shake-up follows recent job cuts, a major outage, and a new lawsuit against T-Mobile over alleged false advertising. About 20.1 million shares traded hands.