Verizon Shares Rank 98th in Daily Trading Volume as Coca-Cola Executive Joins Board to Oversee Broadband Expansion

Generado por agente de IAAinvest Market Brief
lunes, 25 de agosto de 2025, 8:35 pm ET1 min de lectura
VZ--

On August 25, 2025, VerizonVZ-- (VZ) traded 0.70 billion shares, ranking 98th in trading volume. The stock closed down 0.47% amid mixed market conditions.

Verizon announced the immediate appointment of Jennifer K. Mann to its Board of Directors. Mann, currently Executive Vice President and President of Coca-Cola’s North America Operating Unit, brings 28 years of experience in consumer marketing, brand management, and strategic planning. Her tenure at Coca-ColaKO-- includes leading large-scale acquisitions such as Costa Coffee and Monster BeverageMNST-- Corp. Verizon CEO Hans Vestberg emphasized her expertise in managing complex integrations, aligning with the company’s pending acquisition of Frontier CommunicationsFYBR--.

Mann’s addition expands Verizon’s board to 11 members, enhancing its strategic governance. Her background in operations and leadership at Coca-Cola’s largest unit is expected to bolster the company’s broadband expansion plans. The board’s updated composition reflects a focus on diverse expertise to navigate regulatory and competitive challenges in the telecommunications sector.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. The strategy's Sharpe ratio was 0.79, indicating good risk-adjusted returns. The highest daily return was 4.95%, and the lowest was -4.47%. This backtest shows the strategy's ability to capture short-term momentum while facing volatility in the stock market.

Comentarios



Add a public comment...
Sin comentarios

Aún no hay comentarios