Why Is Verizon Communications $VZ Stock Down -6.97% Today? (Find out why any stock moved today on Tickeron.) • Shares of Verizon Communications fell roughly 6.97% to about $43.12, down from a prior close of $46.35. • The primary catalyst was a competitive shock: SpaceX agreed to acquire a nationwide 800 MHz low-band spectrum portfolio, strengthening its Starlink Mobile satellite-to-cellular ambitions. • Rising Treasury yields added pressure on dividend-paying telecom stocks across the sector. • The decline was part of a sector-wide sell-off, with AT&T and T-Mobile falling in sympathy. • Traders are watching regulatory approval of the SpaceX deal and how aggressively Starlink Mobile targets existing wireless customers. $T $CMCSA $TMUS $LUMN $CHTR $SATS $SPCX