Ask Experts Questions for FREE Help !
    dls17usa's Avatar
    dls17usa Posts: 2, Reputation: 1
    New Member

    Feb 23, 2017, 02:43 PM
    Verizon stock price history

    My Aunt inherited stocks in 1975 which later became Verizon. She has Alzheimer's so she cannot help. I need a price for Verizon as of March 7, 1975.

    She now has 226 shares of Verizon. Can anyone help me to get a cost basis or starting point going back from this? As far as the old records, imagine a harder with Alzheimer's disease. That avenue is not useful.

    Computer share the transfer agent could not help. Thank you very much.

    ebaines's Avatar
    ebaines Posts: 12,132, Reputation: 1307

    Feb 23, 2017, 03:13 PM
    Verizon didn't exist in 1975, but AT&T Corp did. So what she must have done is inherit stock in AT&T Corp (Symbol "T"). Then in 1984 when divestiture of AT&T occurred she would have received stock in one or more of the new "Baby Bells" - investors had discretion to specify which of the baby bells they wanted to receive stock in. Without records it's impossible to guess exactly how much of her original investment in AT&T ended up with the baby Bell that was the precursor to Verizon (which was called Bell Atlantic). Then to further complicate things Bell Atlantic merged with NYNEX to form Verizon, then absorbed one of the cellular phone companies (I forget which), etc etc.

    My advice is call the shareowner services department at Verizon and see if they have records that will allow you to figure a cost basis. See: Shareowners Services | About Verizon
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert

    Feb 23, 2017, 03:40 PM
    Don't get your hopes up. I had stock in GM before they got bailed out by the gov't, not so many years ago.
    Somehow they managed to wipe out all their stock and start over. I got nothing.
    dls17usa's Avatar
    dls17usa Posts: 2, Reputation: 1
    New Member

    Feb 23, 2017, 04:37 PM
    Thank you very much for your response. I will contact the Verizon Shareowners Services.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member

    Feb 23, 2017, 07:05 PM
    Verizon came from GTE-Bell Atlantic merger in 2000. My 1974 GTE is now Verizon, never had any Bell stock. Each quarterly dividend shows cost basis.
    ebaines's Avatar
    ebaines Posts: 12,132, Reputation: 1307

    Feb 24, 2017, 07:09 AM
    Which points out that at this point we don't know whether the aunt's original inheritance in 1975 was old AT&T Corp stock (not be confused with the current embodiment of AT&T Inc, which is an entirely different company) or GTE stock. Just to add more confusion: VZ bought out MCI WorldCom in 2005 and wireless carrier Alltel in 2008, so it's possible that the aunt started with stocks in one of those companies.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Declared a 3% stock dividend on common stock, to be capitalized at the market price o [ 0 Answers ] ...

Why does my stock history show it was never at the price I paid? [ 10 Answers ]

So, hypothetically... let's say I bought a stock that rhymes with 'chef' 'dee' that opened up at around $40 / share... and I unfortunately bought it at about $40 / share. Per the stock's history... it has never been at $40... why is this and is there anything I can do to convince my broker to...

Stock price, stock trading and shares [ 2 Answers ]

Warnes Motors' stock is trading at $20 a share. Three-month call options with an exercise price of $20 have a price of $1.50. Which of the following will occur if the stock price increases 10% to $22 a share? a. The price of the call option will increase by $2. b. The price of the call option...

Westinghouse Electric Corporation Stock Price History [ 1 Answers ]

I am looking for the Westinghouse Electric Corporation Stock Price on the following dates: May 4, 1984 May 5, 1990

View more questions Search