What's Going On With Verizon Shares
Portfolio Pulse from Henry Khederian
Verizon Communications Inc. (NYSE:VZ) shares are trading lower by 2.54% to $34.96 following reports suggesting DISH Network Corp could be selling wireless plans through Amazon.com, Inc., potentially challenging rival cellphone carriers.
May 25, 2023 | 4:19 pm
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NEGATIVE IMPACT
Verizon shares dropped 2.54% due to reports of DISH Network potentially selling wireless plans through Amazon, posing a threat to rival carriers.
The news of a potential partnership between DISH Network and Amazon to sell wireless plans could pose a significant threat to rival carriers like Verizon. This has led to a drop in Verizon's share price by 2.54% as investors react to the potential increased competition in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100