Verizon Stock Price Falls After Company Announces Aid for Puerto Rico Disaster Relief.

Verizon Stock NYSE:VZ

Verizon Stock (NYSE:VZ)

Verizon stock declined after announcing it has pledged $100,000 to the American Red Cross for hurricane aid in Puerto Rico.

By leveraging its large customer base, Verizon Communications (NYSE:VZ) hopes to raise money and awareness for those without access to clean water and electricity.

Customers can text the helpline number with $10 to make a one-time gift to the American Red Cross. The funds will help those who have lost everything due to the hurricane’s devastating flooding, landslides, and power outages.

In addition, patrons may support Americares and the Salvation Army National Corporation through monetary contributions. The money will be used to buy food, housing, clothing, and essentials like medicine. Giving back is a great way to address environmental, social, and governance (ESG) concerns while improving Verizon stock’s ability to service its clientele.

Verizon Communications (NYSE:VZ) provides a variety of phone, long-distance, cellular, and internet services to its customers. Through careful planning, meticulous engineering, and consistent strategic investment, the company can deploy cutting-edge 4G LTE technology that provides its clients lightning-fast peak data speeds and capacity.

Public safety, healthcare, retail, and even sports might benefit from Verizon stock 5G mobility service because it is revolutionary. The success of the company’s 5G network in realizing the promise of fifth-generation wireless technology depends on three primary factors.

Verizon Communications (NYSE:VZ) private 5G and Visionable’s AI-driven secure networking are two ways the two companies have recently expanded their partnership to hasten the advancement of healthcare. Visionable’s patented technology and Verizon’s 5G Ultra-Wideband and 5G Edge network will be combined to create various linked healthcare solutions under the conditions of the agreement.

Verizon stock hopes that by working together, they can better link first responders with specialists during times of crisis and improve patient access to high-quality medical care. Much of the partnership’s energy will capitalize on openings in the Asia-Pacific and Europe-Middle East regions.

The current Zacks Rank for Verizon stock is #3. (Hold). Over the past year, the stock has decreased by 27.4 %, which is higher than the 24.4% fall seen by the industry.

Featured Image-  Megapixl @ Waingro

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About the author: I'm a financial journalist with more than 1.5 years of experience. I have worked for different financial companies and covered stocks listed on ASX, NYSE, NASDAQ, etc. I have a degree in marketing from Bahria University Islamabad Campus (BUIC), Pakistan.