Why Verizon Stock Sank Today

Verizon (VZ -6.58%) stock lost ground in Tuesday's trading. The telecom giant's share price ended the daily session down 6.6%, and had been off as much as 8.4% earlier in trading.Verizon stock moved lower today following cautious guidance from the company. Management expects that subscriber growth will be pressured in the near term, and investors sold shares in response.Verizon stock sinks on tough wireless outlookCompetition for new wireless subscribers continues to be intense, and Verizon says that the dy ...