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Over the past three months, congress has traded over 69,006.00 dollars worth of Verizon Communications (NYSE:VZ) stock. A total of 6 transactions have taken place by 5 different congressional members. The total net investment came in at -$65,002.00, leaning towards the sell-side.
Top Congressional Transactions for VZ Over Past 3 Months
| Member Name | Chamber | Symbol | Company | Transaction Date | Transaction Type | Amount |
|---|---|---|---|---|---|---|
| Zoe Lofgren | VZ | Verizon Communications | House | 2023-05-25 | S | $1,001.00 |
| Zoe Lofgren | VZ | Verizon Communications | House | 2023-05-26 | S | $1,001.00 |
| Jennifer McClellan | VZ | Verizon Communications | House | 2023-05-04 | S (Partial) | $50,001.00 |
| Dan Newhouse | VZ | Verizon Communications | House | 2023-03-17 | P | $1,001.00 |
| Daniel Goldman | VZ | Verizon Communications | House | 2023-04-10 | S (Partial) | $15,001.00 |
| Tommy Tuberville | VZ | Verizon Communications | Senate | 2023-04-03 | P | $1,001.00 |
Given the recent trading activity from congressional members, it leads one to wonder how Verizon Communications has been performing. Let's look at how Verizon Communications has been performing recently.
Verizon Communications Price Performance Over Past 3 Months
As you can see, over the past three months, Verizon Communications stock price has declined by 2.79% potentially contributing to the recent sell-side activity by congress.
Recap
Over the past three months, 5 congressional members have traded over $69,006.00 dollars worth of Verizon Communications stock, while the stock has decreased by 2.79% over the same timeframe.
The recent sell-side activity by congress could be a result of lost confidence in the company's stock due to the recent price decrease.
However, the sell-side activity is not overwhelming as only 66.67% of the total amount traded was purchase and 33.33% were sales. This makes it difficult to say if congress truly is bearish on Verizon Communications. This is why it's important to keep a balanced perspective and look at the company's performance holistically.
As always, investors should conduct their due diligence and consider other factors, such as a company's financials, analyst ratings, and broader market trends, before making any investment decisions.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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