Verizon Communications Inc. (VZ) stock slipped from a 52-week high on Friday, closing at $49.01 before the Presidents Day holiday. The telecommunications giant recently announced plans to return approximately $55 billion to shareholders by the end of 2028 through dividends and a $25 billion share buyback program. Investors are now looking ahead to Tuesday’s trading and an upcoming investor conference for further guidance, with concerns lingering over competition, substantial debt, and potential impacts of rising Treasury yields on its valuation.
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Verizon stock (VZ) slips off a 52-week high as traders size up the week ahead
Verizon Communications Inc. (VZ) stock slipped from a 52-week high on Friday, closing at $49.01 before the Presidents Day holiday. The telecommunications giant recently announced plans to return approximately $55 billion to shareholders by the end of 2028 through dividends and a $25 billion share buyback program. Investors are now looking ahead to Tuesday’s trading and an upcoming investor conference for further guidance, with concerns lingering over competition, substantial debt, and potential impacts of rising Treasury yields on its valuation.