Why Verizon Tumbled almost 12% in 2021
There was apparently a disconnect between Verizon Communications' (NYSE: VZ) business performance and its stock in 2021, as the telecom giant reported rising sales, more customers added, and greater profits, but shares fell 11.8% for the year, according to data provided by S&P Global Market Intelligence.
Part of the reason is its quarterly earnings numbers didn't always live up to Wall Street's expectations, which caused investors to sell off the stock when it missed analyst forecasts. Plus, Verizon carries a lot of debt on its balance sheet, over $143 billion at the end of the third quarter, and servicing that load cuts into investments it could be making in its business.
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Source Fool.com
