Verizon (VZ) Moves Higher Following $49M Block Trade

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A block trade crossed in Verizon (NYSE: VZ) shares today, possibly marking an intraday bottom.

Market data shows a 1.14 million share block moving through at $43.10. That trade happened at 2:33pm EST today.

Verizon has been flattish on the session after dropping lower at the start. The stock got a rise on Monday following comments by CEO Lowell McAdam that the company might move to buyout Vodafone's (Nasdaq: VOD) minority stake in Verizon Wireless.

Shares are off 2.3 percent today.

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