#Verizon November 11
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on VERIZON.
Telephone service all changed in 1984 when the courts ordered the breakup of AT&T. From that decision seven Baby Bell Companies emerged including Bell Atlantic. Today only three of those 7 are still in existence but under different names. One of those is Verizon which was created in 2000 in a merger with Bell Atlantic (One of the 7 Baby Bells) and GTE.
After just 4 years the company found itself added to the Dow Jones Industrial Average (DJIA) in 2004.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 11th-Verizon
Verizon stock was offered as an IPO on July 3, 2000, with an initial price of $45.53. When the stock market closed on November 8, 2024, the price was $37.90. Since 2000 there have been no large stock splits. Over the past year a number of financial publications have indicated that they may be in jeopardy of being removed from the Dow. Here is a link to the Motley Fool on that topic.
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