Verizon Communications (NYSE:VZ) Shares Up 2.2% - Should You Buy?

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Verizon Communications (NYSE:VZ) saw its shares trade up 2.2% on Friday, closing at $49.98. The company is undergoing a transformation to expand fiber and cut costs, which management expects to deliver billions in annual savings and support margin improvement. Despite positive developments like a dividend increase to a 5.7% yield and strategic acquisitions, investor concerns have risen due to a major insider stock sale by Director Hans Erik Vestberg and a significant jump in short interest.

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