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"Among the worst performers on a percentage basis was Verizon ticker VZ actually shares closing the worst one day drop I should say going back to April of this year. Some surprise news from the suite as Hans Vesber is out after eight years as CEO, with former PayPal CEO Dan Schulman coming in to replace him. Vesber will stick in the role of adviser to the company for the next year to ensure a smooth transition, including the integration with Frontier Communications. Verizon has been losing subscribers and market share, shedding 51,000 monthly mobile customers in the second quarter, and closed down 5.1%."
The speaker discusses Verizon's notable drop driven by a leadership change and ongoing issues such as losing subscribers and market share, suggesting caution for investors.
Sentiment
