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Shares of Verizon Communications Inc. (VZ) slipped 2.15% to $39.97 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. This was the stock's second consecutive day of losses. Verizon Communications Inc. closed $15.54 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 Wednesday, as Apple Inc. (AAPL) fell 0.54% to $135.21, AT&T Inc. (T) fell 1.60% to $19.02, and T-Mobile US Inc. (TMUS) fell 0.73% to $145.90. Trading volume (23.0 M) remained 488,723 below its 50-day average volume of 23.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.
(END) Dow Jones Newswires
January 18, 2023 17:31 ET (22:31 GMT)
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