Verizon Trading Volume Plummets 73.77 Percent Ranking 97th in Daily Volume

On March 24, 2025, Verizon Communications Inc. (VZ) experienced a significant decline in trading volume, with a total of $7.89 billion in shares traded, marking a 73.77% decrease from the previous day. This placed Verizon at the 97th position in terms of trading volume for the day. The stock price of Verizon also decreased by 0.98%.

Verizon has outlined its financial expectations for 2025, projecting a total wireless service revenue growth of 2.0 to 2.8 percent, along with an adjusted EBITDA growth of 2.0 to 3.5 percent. Additionally, the company aims to achieve free cash flow between $17.5 billion and $18.5 billion for the year.

Verizon has announced its plan to redeem its 2.625% Notes due 2026, with a principal amount outstanding of $984,778,000. The redemption is scheduled for April 23, 2025, and the redemption price will be determined as the greater of 100% of the principal amount or the present value of the remaining payments, plus accrued interest. This move is part of Verizon's ongoing efforts to manage its debt portfolio effectively and optimize its capital structure.

Verizon's decision to redeem these notes is seen as a strategic move to potentially lower its interest burden, which could positively impact its earnings. This action reflects Verizon's robust cash flow management and its ability to meet financial obligations while maintaining operational flexibility. The redemption indicates Verizon's confidence in its financial health and future cash flows, suggesting a focus on reducing its debt load to enhance its credit profile and investor confidence.