Shareholder returns and stock trends
On March 20, Verizon’s (VZ) closing price was $57.67 per share. Based on the closing price, Verizon has a market capitalization of $238.3 billion—the largest among all of the major US wireless service providers. The stock is trading 25.1% above its 52-week low of $46.09 per share and 6.3% below its 52-week high of $61.58 per share.
Verizon’s stock price has risen 3.4% in the trailing one-month period, 20.9% in the trailing 12-month period, and 2.6% year-to-date. Analysts’ estimates show that the stock could rise ~3.2% over the next 12 months.
In comparison, T-Mobile (TMUS) and Sprint (S) have seen their stock prices rise 14.8% and 21%, respectively, in the trailing 12-month period. AT&T’s (T) stock price has fallen 16% in the trailing 12-month period.
In the trading session on March 20, Verizon stock closed at $57.67, which is near its Bollinger Band mid-range level of $57.01. The level suggests that Verizon stock isn’t overbought or oversold.
Verizon’s 14-day MACD (moving average convergence divergence) is 0.60. The positive figure indicates an upward trading trend for Verizon. A company’s MACD is calculated as the difference between its long-term and short-term moving averages. Sprint’s 14-day MACD is 0.07, AT&T’s is 0.34, and T-Mobile’s is 0.80.
As of March 20, 18 of the 30 analysts covering Verizon (VZ) stock recommended a “hold,” while 12 analysts recommended a “buy.”
JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.
The key point of contention in the US-China trade dispute is the large trade deficit the United States runs against China.
On May 16, the Labor Department reported jobless claims for last week. Initial jobless claims fell by 16,000 to 212,000 for the week ended May 11.
Jeffrey Gundlach recommended investors take advantage of the volatility in interest rates at the recent Sohn Conference.
Tesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they've recouped their losses.
According to Reuters, on May 16, Vale (VALE) told prosecutors that a dam was at risk of rupturing at its Gongo Soco mine.