Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Frontdoor Inc. shares valued at $100,000 were purchased by Catalano Anna C on May 25. At $25.00 per share, Catalano Anna C acquired 4,000 shares. The insider’s holdings grew to 20,595 shares worth approximately $0.52 million following the completion of this transaction.
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Also, Cella Peter L. purchased 5,000 shares, netting a total of over 122,650 in proceeds. Following the buying of shares at $24.53 each, the insider now holds 30,000 shares.
Before that, COBB WILLIAM C had added 10,000 shares to its account. In a trade valued at $255,100, the Director bought Frontdoor Inc. shares for $25.51 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.25 million.
As published in a research note from Goldman on June 10, 2022, Frontdoor Inc. [FTDR] has been rated down from a Neutral to a Sell and the price target has been revised to $21 from $27. This represents a -19.33% premium over Thursday’s closing price. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late May. Earlier on October 29, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for FTDR stock which previously was a “an Overweight”.
Analyzing FTDR’s Price Performance
On Thursday, Frontdoor Inc. [NASDAQ: FTDR] plunged -4.35% to $25.06. The stock’s lowest price that day was $23.21, but it reached a high of $25.34 in the same session. During the last five days, there has been a drop of approximately -5.68%. Over the course of the year, Frontdoor Inc. shares have dropped approximately -31.62%. Shares of the company reached a 52-week high of $39.01 on 01/05/22 and a 52-week low of $20.30 on 06/16/22. A 50-day SMA is recorded $24.48, while a 200-day SMA reached $31.43. Nevertheless, trading volume fell to 2.03 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Frontdoor Inc. (FTDR)
According to the 24-hour chart, there is a support level at 23.73, which, if violated, would cause prices to drop to 22.41. In the upper region, resistance lies at 25.86. The next price resistance is at 26.67. RSI (Relative Strength Index) is 44.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 58.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Frontdoor Inc. subject to short interest?
Stocks of Frontdoor Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.56 million shares to 8.3 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.74 million shares. A jump of 54.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.87.
Which companies own the most shares of Frontdoor Inc. (FTDR)?
According to Fidelity Management & Research Co filings, the company currently owns 10,463,694 shares, which is about 12.72% of the total FTDR shares outstanding. The investor’s shares have appreciated by 9,834,904 from its previous 13-F filing of 628790.0 shares. With the completion of the buy transaction, ArrowMark Colorado Holdings LLC’s stake is now worth $229,890,171. The Vanguard Group, Inc. reduced a -0.31% interest valued at $200.14 million while Janus Henderson Investors US LLC sold a -952,090 stake. A total of -15,032 shares of Frontdoor Inc. were sold by Mackenzie Financial Corp. during the quarter, and 488,324 were bought by Impactive Capital LP. In its current portfolio, Capital Research & Management Co holds 3,244,073 shares valued at $78.12 million.
In terms of Frontdoor Inc. share price expectations, FactSet research, analysts set an average price target of $29.33 in the next 12 months, up nearly 14.5% from the previous closing price of $26.20. Analysts anticipate Frontdoor Inc. stock to reach $34.00 by 2022, with the lowest price target being $21.00. In spite of this, 8 analysts ranked Frontdoor Inc. stock as a Hold at the end of 2022.