Verizon Drops Nearly 5% in a Single Session to $40.87
As seen on the 24/7 Wall St. homepage on October 9, 2026.
A 4.97% intraday slide to $40.87 is a rare one-day move for a $170 billion dividend anchor that investors own for stability. The $43 open is now the level to reclaim.
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Verizon shed nearly 5% of its value by the close, landing at $40.87, an intraday decline that is unusual for a stock investors hold for stability.
The selloff is notable given Verizon's size and reputation as a stability-first, dividend-paying holding. A roughly $170 billion company shedding that much in a single regular session forces income-oriented investors to take notice, because the dividend yield they rely on becomes meaningless if principal erodes fast enough.
The $43 open is now the key level to reclaim before the move can be considered anything other than a decisive break lower.
Investors keeping an eye on the stock will want to see whether buyers step in near current levels after a close near the session lows.
Sources
Mentioned: VZ