Congressional Trading on Verizon Communications: An Analysis of Trading Activity - Verizon Communications
Benzinga Over the past three months, congress has traded over 69,006.00 dollars worth of Verizon Communications VZ stock. A total of 6 transactions have taken place by 5 different congressional members. The total net investment came in at -$65,002.00, leaning towards the sell-side.
Top Congressional Transactions for VZ Over Past 3 Months
Given the recent trading activity from congressional members, it leads one to wonder how Verizon Communications has been performing. Let's look at how Verizon Communications has been performing recently.
Verizon Communications Price Performance Over Past 3 Months
As you can see, over the past three months, Verizon Communications stock price has declined by 2.79% potentially contributing to the recent sell-side activity by congress.
Recap
Over the past three months, 5 congressional members have traded over $69,006.00 dollars worth of Verizon Communications stock, while the stock has decreased by 2.79% over the same timeframe.
The recent sell-side activity by congress could be a result of lost confidence in the company's stock due to the recent price decrease.
