Verizon Trading Volume Plummets 68% Ranking 155th Despite Stock Price Gain

On June 23, 2025, Verizon's trading volume reached $494 million, a significant decrease of 68.06% compared to the previous day, ranking 155th in the day's stock market activity. Verizon's stock price rose by 1.55%, marking two consecutive days of gains with a total increase of 1.62%.

Verizon has finalized its private exchange offers for notes, issuing $2.2 billion in new notes to meet the required conditions. The company is accepting validly tendered old notes using a "waterfall" methodology, where notes of different series are accepted based on their priority levels. The exchange offers expired on June 18, 2025, with the settlement date expected to be June 25, 2025. Verizon will issue approximately $2.2 billion in new notes due in 2037, satisfying the minimum issue requirement. The company will not receive any cash proceeds from these exchange offers.

Verizon has also increased the maximum total consideration condition for its cash offers to $500 million, allowing the company to purchase all validly tendered and not validly withdrawn old notes. The cash offers expired on June 18, 2025, with the settlement date expected to be June 25, 2025. Verizon is accepting all old notes validly tendered for each series of covered notes, while rejecting tenders of non-covered notes. The aggregate principal amount of covered notes that will be purchased by Verizon on the settlement date is subject to change based on deliveries of covered notes pursuant to the guaranteed delivery procedures.