Verizon Down the Day After Its Big Acquisition and 2 Other Hot Stocks to Watch
Verizon Communications Inc. (NYSE:VZ): Current price $45.70
Verizon shares are down almost 3.5 percent in New York Tuesday morning in heavy trading, the day after the company agreed to acquire Vodafone Group’s 45-percent interest in Verizon Wireless for $130 billion. Vodafone shares lost 5.5 percent on Tuesday in London, while United States depositary shares were down over 3 percent. The purchase was announced after the close of the European markets Monday when American markets were closed for Labor Day.