Verizon (VZ) Stock’s Wild Ride: New CEO & $20B Deal – Analysts Are Buzzing
Stock Price & Recent Moves Verizon’s stock has been volatile in recent days. After trading around $43.7 on Oct 3 ts2.tech, VZ stock fell on the surprise CEO announcement. Reuters reported Verizon shares were down 3% in early Oct 6 trading reuters.com, and by Oct 7 the stock was roughly 5% lower than before the news. As of Oct 13 the price is about $40.0 reuters.com. Overall, VZ has underperformed its sector: a recent analysis noted VZ is down ~5% over the past year vs. ~+26% for the telecom industry, trailing peers (AT&T +23%, T-Mobile +7% in the same period)