Amsterdam based VEON Ltd (NASDAQ:VEON), which is one of the leaders in the global connectivity and internet services providing market, has seen its stock go through a fairly rough patch in recent days.
Yesterday, the stock continued to be in the middle of a selloff and went down by as much as 5% as a consequence. In fact, the decline on Monday took the losses in the VEON stock for the past week to as much as 13%. As it happens, the company was actually in the news yesterday after it announced that it had made an update to its financial calendar.
Trading Data
On Monday, VEON stock fell 4.93% to $1.35 with more than 7.19 million shares, compared to its average volume of 4.14 million shares. The stock has moved within a range of $1.3100 – 1.3895 after opening trade at $1.38.
Veon Announces Dates For Quarterly Results
VEON provided the details of the dates on which it was going to publish its financial results. On 28 February 2022, the company is going to announce its financial results for the period that ended on December 31, 2021.
The financial results for the first quarter of 2022 are going to be made available on 28 April, 2022 and the next two quarterly results are going to be announced on 4 August, 2022 and 3 November, 2022. It was a major announcement from VEON but it did not meet with any kind of enthusiasm from investors and the stock continued to suffer from a selloff.
Technical Data
VEON stock is trading below the 20-Day and 50-Day Moving averages of $1.60 and $1.72 respectively. Moreover, the stock is below 200-Day moving average of $1.86.
