Shares of Verizon Communications Inc.
inched 0.73% higher to $55.38 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 1.31% to 3,819.72 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. Verizon Communications Inc. closed $6.57 short of its 52-week high ($61.95), which the company reached on December 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc.
fell 2.45% to $122.06, Alphabet Inc. Cl A
fell 2.57% to $2,011.41, and AT&T Inc.
rose 1.77% to $28.72. Trading volume (22.7 M) eclipsed its 50-day average volume of 19.5 M.