Shares of Verizon Communications Inc.
slumped 0.43% to $58.14 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.93% to 4,173.42 and the Dow Jones Industrial Average
rising 0.93% to 34,137.31. Verizon Communications Inc. closed $3.81 below its 52-week high ($61.95), which the company achieved on December 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc.
rose 0.29% to $133.50, Alphabet Inc. Cl A
fell 0.03% to $2,278.35, and AT&T Inc.
rose 0.74% to $30.11. Trading volume (18.3 M) remained 807,134 below its 50-day average volume of 19.1 M.