VZ - What's Going On With Verizon Shares | Benzinga
Verizon Communications Inc. (NYSE: VZ) shares are trading lower by 2.2% to $30.76 Thursday afternoon, despite a lack of company-specific news for the sessions. Verizon's stock is declining, likely due to a market-wide drop in stocks following the release of September's Consumer Price Index (CPI) data.
The CPI data revealed a year-on-year increase of 3.7%, surpassing expectations, although the core CPI index aligned with projections.
Why It Matters
A higher CPI indicates that consumer ...