Verizon Feeling Hot Hot Hot
Verizon Communications Inc. (NYSE:VZ) is one of the hottest stocks to close out the third quarter and it is currently treading water a bit as we enter the fourth quarter of 2010. Verizon’s stock has been outpacing competition as shares have moved up 21% from the recent market lows in July.
News of the company getting Apple to make a version of the iPhone 4 for its networks is likely what is propelling the stock price surge. This news was reported first by the Wall Street Journal and has now been by the New York Times.
VZ shares are trading at $32.95, up 0.35% or $0.12 and volume is currently at 9.62M shares traded. Over the past 12 months Verizon Communications Inc (VZ) shares have traded between a 52-week low of $25.99 and its 52-week high of $34.13. Verizon Communications Inc shares are now trading with a P/E Ratio of 127.1 and EPS of 0.26.
Live chart below: