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Why is Verizon Communications Inc (VZ) Stock down?
We've noticed a 5.03% decline in Verizon Communications Inc (VZ) stock during the 2024-10-22 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
17 Jul, 2023:
VZ's stock dropped 7.5% after The Wall Street Journal articles raised concerns about lead in legacy cable sheathing used by telecom companies decades ago. The focus was primarily on AT&T, but Verizon was also mentioned. While AT&T has more legacy assets reaching homes, Verizon's focus has been on wireless assets for over two decades.
https://www.fool.com/investing/2023/07/17/why-verizons-stock-plunged-75-today/
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