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Stock Alert: Verizon Communications Slides

Shares of Verizon Communications Inc. (VZ) are trading lower.

The shares opened at $56.07 on Tuesday morning and currently trading at $54.26, down 2.84 percent.

The shares fell 4.24 percent on Monday following a collapse of global markets.

Verizon had announced its association with Pacific Northwest National Lab to develop 5G broadband applications on Monday.

For the 52-week period, the shares were trading in a range of $52.18 - $62.22, on average volume of 15,376,585.

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