Shares of Verizon Communications Inc. VZ, -1.05% shed 1.03% to $39.40 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.20% falling 0.20% to 3,783.28 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 30,273.87. The stock’s fall snapped a two-day winning streak. Verizon Communications Inc. closed $16.11 below its 52-week high ($55.51), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. AAPL, +0.21% rose 0.21% to $146.40, Alphabet Inc. Cl A GOOGL, -0.21% fell 0.21% to $101.43, and AT&T Inc. T, -1.01% fell 0.99% to $15.93. Trading volume (17.8 M) remained 2.7 million below its 50-day average volume of 20.5 M.