Verizon’s Future in the Dow Jones Industrial Average
As of July 3, 2024, Verizon Communications (NYSE: VZ) has a share price of $43.55 and is at risk of being removed from the Dow Jones Industrial Average due to its poor performance and low influence, responsible for less than 268 out of the Dow’s total 44,829 points. Over the past decade, Verizon’s stock has declined by 8%, raising concerns about its ability to contribute positively to the index.
The Dow committee evaluates candidates based on factors like share price, performance, and industry relevance. Potential replacements for Verizon include Google parent Alphabet (NASDAQ: GOOGL) with a current share price of around $180, social media giant Meta Platforms (NASDAQ: META) priced at approximately $719, and T-Mobile US (NASDAQ: TMUS) at $240.75. These companies could enhance the index by representing growth sectors and strong financial performance.
