Stocks Retreat on New Development: Verizon Communications (NYSE:VZ), Sunrun Inc. (NASDAQ:RUN)

Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.28% to 52.61 with around 1.46 Million shares have changed hands in this session. Previous week during CES, Verizon (VZ) quietly rose its upgrade fee from $20 up to $30. This charge is applied whenever a consumer either buys a phone outright or splits payments up monthly with Verizon’s device payment plans.

Those are pretty much the only valid ways to buy phones from Verizon at this point, since the company also got rid of two-year contracts last week this time for good. Subsidized contract pricing had remained accessible to existing consumers after being phased out for new subscribers in 2015. The $30 upgrade fee is separate from the activation fee that Verizon applies whenever you set up a new line of service. The stock is going forward its fifty-two week low with 25.36% and lagging behind from its 52-week high price with -4.61%.

Similar, the positive performance for the quarter recorded as 6.24% and for the year was 22.09%, while the YTD performance remained at -0.10%. VZ has Average True Range for 14 days of 0.72.

Sunrun Inc. (NASDAQ:RUN) [Trend Analysis] retains strong position in active trade, as shares scoring 0.17% to $6.01 in a active trade session, while looking at the shares volume, around 78717 shares have changed hands in this session. Sunrun Inc. (RUN) and National Grid PLC (NGG) reported that a multifaceted partnership that underscores the long-term importance of rooftop solar in the energy resource mix. The partnership includes a joint marketing contract, a collaborative grid services pilot, and a direct investment by National Grid in Sunrun rooftop solar systems.

“We are excited to partner with National Grid, a utility focused on truly creating a clean energy future, and to promote the growth of rooftop solar in the United States,” said Lynn Jurich, Chief Executive Officer of Sunrun. “This partnership demonstrates Sunrun’s ability to develop new strategic and financial relationships with partners to increase consumer access to rooftop solar while further unlocking value for consumers.” The firm has institutional ownership of 76.80%, while insider ownership included 0.60%. RUN attains analyst recommendation of 2.10 with week’s performance of 7.33%. Investors looking further ahead will note that the Price to next year’s EPS is -72.41%.

 

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