Verizon Communications Inc. Stock Surges to $45.45 — Then Hits a Wall
Verizon Communications Inc. stock surged on July 24 after a Q2 earnings beat, raised guidance, record EBITDA, and a Google deal worth over $1 billion. Shares hit an intraday high of $45.45 before closing near $44.89. The fundamental story has improved. The technical structure still demands confirmation.
Key takeaways
- Verizon Communications Inc. stock closed at $44.89 after hitting an intraday high of $45.45 on July 24.
- Q2 earnings beat estimates by +2.36%, while revenue came in -3.00% below forecasts.
- The company added 184,000 postpaid phone net subscribers, well above analyst expectations.
- Record EBITDA, raised full-year 2026 guidance, and a mention of buybacks accompanied the results.
- A strategic Google deal worth over $1 billion adds long-term revenue visibility.
- The daily bias remains neutral, with price below both the EMA50 at $44.93 and EMA200 at $45.05.
Verizon Communications Inc. Stock Surges on Earnings Day
The session was one of the more consequential for Verizon Communications Inc. stock this year. A Q2 earnings beat landed alongside raised guidance, record EBITDA, and a freshly announced Google deal. Shares climbed, touching $45.45 intraday. They then pulled back to close around $44.89. The fundamental picture has clearly improved. The technical picture, however, is more complicated.
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