Submitted by Luka Treperinas on Sun, 08/21/2011 - 10:23.
After a contentious 14 days, workers for Verizon Communications Inc. (NYSE:VZ) are planning to head back to work. Just prior to the strike, shares were trading at $35.05 at the close of business Friday August 5, 2011. Shares then plummeted on the news of the strike, but quickly recovered a lot of the lost ground to close this last Friday, August 19, 2011 at $34.71. That is only about a 1% during the tumultuous market conditions that has seen some pretty wide swings.