Verizon Communications Inc. Stock Falls Monday, Underperforms Market

Newegg Commerce Inc

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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Value

Company profile

Newegg Commerce, Inc. is a technology-focused e-commerce company in North America. The Company has developed an online marketplace that delivers value to consumers, brands, and sellers in the technology products sector. It operates business-to-consumer (B2C) platforms, business-to-business (B2B) operations, and other online platforms. Its B2C platform focuses on selling information technology (IT) products, through its platforms, namely Newegg.Com, Newegg.Ca, And Newegg Global. The Company’s B2B platform focuses on providing office and IT equipment, through its neweggbusiness.com platform. Its platforms offer a suite of e-commerce solutions, including product listing, fulfillment, marketing, customer service and other value-added tools and services. The Company’s product categories offered through its platforms, such as computer system, components, electronics, gaming, networking and smart home, office solutions, software and services, automotive and industrial, and health and sports.

Verizon Communications Inc. Stock Falls Monday, Underperforms Market

5:31 pm ET January 9, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Verizon Communications Inc. (VZ) shed 0.40% to $41.37 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.08% to 3,892.09 and Dow Jones Industrial Average falling 0.34% to 33,517.65. The stock's fall snapped a six-day winning streak. Verizon Communications Inc. closed $14.14 below its 52-week high ($55.51), which the company achieved on April 21st.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Apple Inc. (AAPL) rose 0.41% to $130.15, AT&T Inc. (T) fell 1.10% to $19.04, and T-Mobile US Inc. (TMUS) rose 0.13% to $148.77. Trading volume (23.0 M) remained 1.0 million below its 50-day average volume of 24.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 9, 2023.

(END) Dow Jones Newswires

January 09, 2023 17:31 ET (22:31 GMT)