Why Verizon Stock Dropped 3.3% on Friday
Shares of Verizon (NYSE: VZ) fell as much as 3.3% in trading on Friday as the market faces pressure from the continued increase in interest rates. At 3:30 p.m. ET, shares were down 1.1%, still well behind the S&P 500's gain of 1.3% for the day.
Verizon continues to battle rising interest rates, and the U.S. 10-year government bond yield was up 6 basis points to 4.78% today. This continues a long streak of increases, not only this week, but also over the past year.
Source Fool.com
Verizon Communications Inc. Stock
€41.36
1.430%
Verizon Communications Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 43 € there is a slightly positive potential of 3.98% for Verizon Communications Inc. compared to the current price of 41.36 €.
