Verizon's most recent trend suggests a bearish bias. One trading opportunity on Verizon is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 22.55% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $60.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Verizon is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Verizon is bearish.
The RSI indicator is at 32.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Verizon
Verizon Could Be Calling You Soon From Lower Price Levels
Thu, 21 May 2020 13:30:00 +0000
Vestberg said communications are essential which is why Verizon chose to accelerate their investments into 5G. Vestberg said Verizon is building the fastest 5G network which is up to 20 times faster than their 4G LTE and will support transactions, video communications and augmented reality services, Vestberg said. In this daily bar chart of VZ, below, we can see that prices “rolled over” from September to January and then started that all too familiar decline into a March low.
Mark Zuckerberg Says Electoral Interference Is Like 'Arms Race,' Admits Facebook Wasn't Prepared For 2016 Election
Thu, 21 May 2020 11:02:08 +0000
Facebook Inc. (NASDAQ: FB) CEO Mark Zuckerberg said that preventing electoral interference is like an "arms race."What Happened Talking with the BBC's Simon Jack, Zuckerberg admitted that Facebook was "behind" in the 2016 US presidential election. He said that the social media giant was unprepared for the state-sponsored interference in the elections of 2016 and has since learned its lessons. Zuckerberg claimed that Facebook was now better prepared than other companies and even governments in tackling electoral interference. The CEO said, "Countries are going to continue to try and interfere and we are going to see issues like that but we have [learned] a lot since 2016 and I feel pretty confident that we are going to be able to protect the integrity of the upcoming election."Commenting on the coronavirus pandemic, Zuckerberg said, "Things like saying that something is a proven cure for the virus when in fact it isn't, we will take that down."Why It Matters Zuckerberg revealed that Facebook's COVID-19 focus was on three main areas: responding to the acute health crisis, helping people stay connected and economic recovery.Touching on Facebook's efforts in helping small businesses, Zuckerberg said his company was doing "anything to help small businesses survive." On Monday, the company launched Facebook Shops, a platform that will help companies sell products on Facebook and Instagram, while Sheryl Sandberg, Facebook COO, announced a $20 million grant for women, minority and veteran-owned businesses. The CEO was defensive on his personal involvement and control over Facebook, citing the company's ownership structure as beneficial for making long-term strategic decisions, such as not selling the company to rival Yahoo. He said, 'If it had been different, then we would have sold out to Yahoo years ago, and who knows what would have happened then."Facebook Price Action Facebook shares traded 0.80% higher at $231.80 in the after-hours session on Wednesday. The shares had closed the regular session 6.04% higher at $229.97.Image Credit: Wikimedia.See more from Benzinga * CanSino Biologics Shares Rose 380% As COVID-19 Vaccine Promise Emerges * Mastercard Employees Can Work From Home Until Pandemic Is Under Control * Shopify To Offer Merchant Accounts, Announces Payment Support For Installment Plans(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Verizon accelerating 5G implementation
Wed, 20 May 2020 16:00:10 +0000
Verizon creates virtual lab to speed 5G application developmentSan Diego becomes the 35th 5G Ultra Wideband market1 on May 28Verizon enables 5G uploads2Verizon adds 5G.
HBO Max announces more launch partners; no deals yet with Amazon, Comcast, Roku
Wed, 20 May 2020 16:00:00 +0000
HBO Max, the forthcoming streaming service from AT&T Inc-owned WarnerMedia, announced on Wednesday several new partners will carry its content, but it has not yet announced deals with Comcast Corp, Amazon.com Inc or Roku Inc. HBO Max will be available on Altice USA Inc, Cox Communications, Microsoft Corp, National Cable Television Cooperative (NCTC), Samsung, Sony Interactive Entertainment and Verizon Communications Inc when it launches on May 27, the company said.
The future of 5G is now: Samsung Galaxy S20 5G UW is coming to Verizon
Tue, 19 May 2020 16:30:10 +0000
Galaxy S20 5G UW will be available for preorder starting May 21Latest Samsung Galaxy smartphone is built from the ground up for Verizon’s 5G Ultra Wideband networkGalaxy S20 5G.
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