Why Verizon Stock Gained 12% in January

Shares of Verizon Communications (NYSE: VZ) were among the winners last month. The telecommunications giant delivered a solid fourth-quarter earnings report and continued to bounce off its lows from last year as it rolled out new C-band spectrum and reported solid postpaid net phone adds.

According to data from S&P Global Market Intelligence, the stock finished the month up 12%.

As you can see from the chart below, Verizon shares outperformed the S 500 throughout the month and then jumped after the company's earnings report came out toward the end of January.

Continue reading


Source Fool.com