Has Verizon bottomed? At the December lows the stock was down 17% from its 2021 highs. This deep sell off drove shares to within 2% of its 2020 spike low. VZ is now more oversold(weekly/MACD) than it was at the March 2020 lows. VZ hasn’t been this far below its 40 week moving average since 2015. VZ current yield=5%.
Long VZ in some managed accounts.
Not a recommendation to buy, sell or hold.