Market Overview

Verizon Higher After Q2 Report

Related VZ
Why User Privacy Will Be The Hottest Tech Topic Of 2018
What The FCC's Net Neutrality Repeal Means For You
Retirement Security: Would You Buy This Hated Telecom That Just Popped 10%? (Seeking Alpha)

Verizon Communications Inc. (NYSE: VZ) shares are trading higher by $1.27 (2 percent) at $49.92 in Thursday's session.

Before the open, the company reported an inline Q2 EPS report along with a $36 million beat for sales. The company expects the remainder of FY 2017 EPS to similar its current trend.

After a higher open, Verizon continued in that direction before peaking at $51.18 and reversed course. That marks the highest level for the stock since it peaked on Jan. 23 at $52.70. The following day it tumbled to $50.12 after a 4-cent EPS miss for Q4 2016.

Since making that high, Verizon has drifted lower under $50.00 as $49.73 stands as the low for the session as of 10:50 a.m. EST. In order to fill the void in price and reach the upper-end of Wednesday's session, it will need to reach $48.85.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (VZ)

View Comments and Join the Discussion!