Why Verizon Stock Fell 6% in the First Half of the Year
Shares of Verizon (NYSE: VZ) were lagging the market once again in the first half of the year as a combination of underwhelming quarterly results, rising interest rates that make short-term bond yields more competitive, and a surge in tech stocks from interest in artificial intelligence all left the telecom stock in the dust.
According to data from S&P Global Market Intelligence, the stock fell 6% in the first six months of the year, significantly underperforming the S 500, which gained 15.9%.
As you can see from the chart below, the stock headed steadily lower over most of the first half of the year.
Source Fool.com
Verizon Communications Inc. Aktie
38,07 €
-1,23 %
Hohe Buy- und niedrige Sell-Zahlen bei Verizon Communications Inc. zeigen ein stark positives Sentiment.
Ein positives, wenn auch bescheidenes, Potenzial für Verizon Communications Inc. mit einem Kursziel von 41 € im Vergleich zum aktuellen Kurs von 38.07 €.
