Telefonica maintains composure within $4.13 to $4.19 range

Published: May 27 2023, 05:30 GMT+0

Telefonica maintains composure within $4.13 to $4.19 range

A quick look at yesterday: Telefónica, S.A. recovered back to $4.18 after dipping down to $4.13, in a session that followed Thursday's $4.18 close value.

  • Daily trading volume (910,833 shares) increased, making up 141% of the 21-day average (648,119).

With investors awaiting market open on the New York Stock Exchange in 3 days, yesterday's session was noteworthy in that Nasdaq increased to 12,976, which is a 2.19% change. Telefonica was flat yesterday, while the Communication Services sector was up 0.271%.

Telefonica hit a significant low of $3.15 around 7 months ago, but has since recovered 32.7%. So far this year, it has been under-performing the Nasdaq by 5.24%. Telefonica's market cap currently stands at $24 billion with an average daily volume of 648,119 shares.

Meanwhile, mixed performances were seen by other communication services stocks as Netflix traded at $378.88 after closing yesterday's trading day at $359 (up 5.54%). Meta Platforms added 3.7% to its value, and traded at $262.04. AT&T was up 2.31%.