Verizon stock climbs today: Key reasons behind the rally

Traders Union
All News
Financial News
Verizon rises 2.02% today to $51.04

All news

Editors' Picks

Crypto News

Financial News

Market Voices

Billionaires

Companies

Broker News

Regulators News

Ashutosh Sureka

03.03.2026

Verizon stock climbs today: Key reasons behind the rally — Verizon rises 2.02% today to $51.04

Verizon Communications Inc. (VZ) is currently trading at $51.04, marking a daily gain of $1.01 or 2.02%. The price stands well above the MA-20 at $48.28, MA-50 at $43.37, and MA-200 at $42.56, confirming a strong bullish bias across all major timeframes.

VZ price prediction

24H -0.96%

$44.45

48H -1.56%

$44.18

7D -2.74%

$43.65

1M 1.94%

$45.75

3M -0.91%

$44.47

6M -8.76%

$40.95

12M 11.25%

$49.93

Detailed

Current price: $ 44.88 -1.7700 3.79%

Closed 06/04

Daily range 44.30

47.02

Weekly range 46.14

48.14

Highlights

Verizon authorized a $25 billion share repurchase program over three years and raised its annual dividend to $2.83 per share, yielding nearly 5.6%.
The company completed a $20 billion acquisition of Frontier's fiber assets, expanding its fiber reach by 30 million passings and adding 616,000 postpaid subscribers.
Verizon (VZ) trades at $51.04, with strong bullish momentum above key moving averages, immediate resistance at $52.00, and an expected range up to $55.45.

Share buybacks, dividend hike and fiber deal boost investor sentiment

Verizon has authorized a $25 billion share repurchase program over three years and plans to buy back at least $3 billion in stock in 2026. The company raised its annual dividend by $0.07 to $2.83 per share, marking its twentieth consecutive yearly increase and resulting in a forward yield near 5.6%. Additionally, Verizon completed the $20 billion acquisition of Frontier Communications' fiber assets, expanding its reach by 30 million fiber passings and recording 616,000 postpaid subscriber additions. Dan Schulman was appointed as CEO, with a renewed strategic focus on customer experience and cost efficiency.

Anton Kharitonov, expert at Traders Union, notes extended upside in Verizon but urges caution. He sees a stretched technical picture with overbought oscillators and muted ADX. The share buyback and dividend hike provide sentiment support, but Kharitonov highlights limited margin of safety at these valuations. He warns that a deeper pullback is possible if $44.77 is breached. "Investors should stay vigilant and avoid chasing momentum in this overbought zone," Kharitonov advises.

Viktoras Karapetjanc, expert at Traders Union, views Verizon’s outlook as robust. He points to strong subscriber growth, aggressive buybacks, and another dividend increase as confirmation of management’s commitment. Karapetjanc believes the acquisition of Frontier’s fiber assets strengthens long-term fundamentals. He expects bullish momentum to persist, especially with renewed strategic focus under the new CEO. "The bullish structure remains intact and further growth is expected in the coming weeks," Karapetjanc says.

Jainam Mehta, market strategist, notes that price action is strong but technicals show signs of short-term exhaustion. He highlights the potential for a consolidation between support and resistance before any sustained breakout. Mehta sees the risk-reward as balanced with tactical opportunities if volatility increases. "A potential breakout above $52.00 could offer fresh long entries, but traders should watch for mean reversion first," Mehta advises.

Overbought signals rise as buyers dominate amid mixed trend strength

Momentum signals are mostly constructive, with MACD on both daily and weekly timeframes showing strong buy conditions, while ADX is muted and tilts sell, indicating that the trend is present but not overly strong. RSI readings are high (D1: 71.44, W1: 73.04), and both CCI and Stoch RSI show overbought or neutral signals, suggesting stretched short-term conditions. BBP values further confirm overbought territory, with intraday momentum mostly controlled by buyers. The Awesome Oscillator aligns with the positive trend. Today, VZ gained 2.02%, climbing $1.01 from the previous session. There was a small gap lower at the open ($49.58 vs $50.03), but the price quickly rallied and is now near the top of today's $49.55 — $51.05 range, showing strong upward tone and moderate volatility. While momentum and oscillators generally support further gains, the overbought signals indicate short-term caution. Previously it was reported that Verizon's stock surged past its consolidation range, moving above all major EMAs and entering overbought RSI territory, indicating strong upward momentum with near-term pullback risks. Support is seen at the 20-day EMA and lower bands, while resistance coincides with the recent 52-week high as investors monitor whether the current rally can be sustained.

Source of Data: VZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.