Verizon Communications Inc. Stock Underperforms Tuesday When Compared To Competitors

China Finance Inc

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Company profile

China Finance, Inc., through its wholly owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation (SHY), is engaged in providing surety guarantees for privately owned small and medium enterprises (SMEs) (or operating companies) in the People’s Republic of China entering into transactions, whereby the SME will be acquired by a publicly traded United States reporting company in a reverse merger or other merger and acquisition transaction; providing loan guarantees to assist SMEs and individuals in China in obtaining loans from Chinese banks for business operations and/or personal use, and making direct loans to SMEs for business operations. In addition, the Company is seeking direct investments (including, without limitation, controlling investments) in SMEs that would be made through the Company’s wholly owned subsidiary, Value Global International Limited.

Verizon Communications Inc. Stock Underperforms Tuesday When Compared To Competitors

5:32 pm ET January 17, 2023 (MarketWatch) Print

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

Shares of Verizon Communications Inc. (VZ) slipped 2.41% to $40.85 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.20% to 3,990.97 and Dow Jones Industrial Average falling 1.14% to 33,910.85. The stock's fall snapped a two-day winning streak. Verizon Communications Inc. closed $14.66 short of its 52-week high ($55.51), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. (AAPL) rose 0.88% to $135.94, AT&T Inc. (T) fell 1.13% to $19.33, and T-Mobile US Inc. (TMUS) fell 1.80% to $146.98. Trading volume (28.7 M) eclipsed its 50-day average volume of 23.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.

(END) Dow Jones Newswires

January 17, 2023 17:32 ET (22:32 GMT)