American actress Jennifer McClellan revealed the partial sale of Verizon Communications (NYSE: VZ) stock While the telecom giant had already seen a strong rise earlier in the year.
The deal, worth between $100,001 and $250,000, was reported on April 16 for a trade executed on April 7.
The timing is notable because it follows a steady rise in Verizon shares, which were up about 14.9% year to date before pulling back from highs near $51. At press time, the stock was trading at $46.55, slightly lower on the day and below recent highs.
Market data also shows that Verizon shares fell about 4.26% after Congress trading, lagging the broader market as the S&P 500 rose 7.71% during the same period.
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Maclellan past vz stock trades
Overall, McClellan reported two Verizon deals totaling $250,000, both classified as sales within the Communications Services segment.
The previous sale in May 2023, worth between $50,001 and $100,000, was followed by a notably sharp decline in the stock, with estimated losses approaching 50% after that trade.
The latest deal requires more scrutiny, given that McClellan serves on the Communications and Technology Subcommittee, which oversees sectors directly related to Verizon’s core businesses.
Despite the recent decline, sentiment toward Verizon remains broadly constructive. In this line, the company continues to appeal to income-focused companies Investorssupported by A earnings Higher yield of 5.8% and consistent cash flow generation.
Meanwhile, Verizon’s 2026 forecast includes adjusted earnings per share of $4.90 to $4.95, modest service revenue growth, and free cash flow of at least $21.5 billion.
Strategic priorities such as subscriber growth, fiber expansion and bundled offerings are expected to support performance, although competitive pressures and capital-intensive network investments remain key risks.
With first-quarter earnings set for late April, investors are watching for signs of continued subscriber momentum and execution against full-year goals.
