Why did Verizon's other items fluctuate dramatically in 2023-2024?

Verizon's stock experienced notable fluctuations in 2023-2024 due to a combination of factors:

1. **Subscriber Growth Concerns**: The most significant factor influencing Verizon's stock movements was the company's guidance on wireless subscriber growth. Concerns about weaker subscriber growth in the first quarter of 2025, attributed to off-season promotions by competitors, led to a notable decline in the stock price. Despite maintaining guidance for single-digit growth in annual phone upgrades, the market reacted negatively to the cautious outlook.
2. **Competitive Landscape**: The telecommunications sector is highly competitive, and Verizon's challenges reflect broader industry pressures. Competition from other carriers, including aggressive promotional strategies, has created uncertainty in subscriber acquisition. This competitive dynamic likely contributed to the stock's volatility.
3. **Market Sentiment and External Factors**: Market sentiment, influenced by external factors such as tariff policies, also played a role in Verizon's stock fluctuations. Jim Cramer's comments on the market drop, attributing it to volatile tariff policies, may have indirectly impacted investor confidence in Verizon. Additionally, the overall market's reaction to news and earnings reports, as well as the sector's concerns over potential tariffs impacting telecom equipment raw materials, added to the cautious sentiment surrounding Verizon's outlook.

In summary, Verizon's stock fluctuations in 2023-2024 were primarily driven by concerns about subscriber growth, competitive pressures, and broader market and external factors influencing sentiment.