- Barrons.com•20 minutes ago
Shares of Verizon Communications (VZ) are down 24 cents at $55.86 after the company this morning said it will buy the “core” operating business of Yahoo! (YHOO) for $4.8 billion, confirming months of speculation it would become the owner of the venerable Internet company. The deal comes just before Verizon is scheduled to report Q2 results tomorrow morning, before the market opens. The share price decline may represent the caution expressed by some on the Street about whether Verizon is right to be wading deeper and deeper into digital media and advertising.
After hours: 42.940.00 (0.00%) as of 4:06 PM EDT
|Bid||42.87 x 22600|
|Ask||42.88 x 19000|
|52wk Range||30.97 - 43.89|
|Day's Range||42.71 - 42.97|
|Avg Vol (3m)||21,455,690|
As of 4:00 PM EDT. Market closed.