Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Frontdoor Inc. shares valued at $151,415 were sold by Fiarman Jeffrey on Nov 07 ’23. At $35.63 per share, Fiarman Jeffrey sold 4,250 shares. The insider’s holdings dropped to 14,169 shares worth approximately $0.44 million following the completion of this transaction.
Also, Fiarman Jeffrey sold 1,743 shares, netting a total of over 57,066 in proceeds. Following the sale of shares at $32.74 each, the insider now holds 18,419 shares.
Before that, Fiarman Jeffrey had sold 100 shares from its account. In a trade valued at $3,270, the SVP & General Counsel traded Frontdoor Inc. shares for $32.70 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.62 million.
As published in a research note from Truist on October 06, 2023, Frontdoor Inc. [FTDR] has been rated up from a Hold to a Buy and the price target has been revised to $42 from $40. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of November 04, 2022, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for FTDR. Earlier on November 04, 2022, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for FTDR stock which previously was a “an Outperform”.
Analyzing FTDR Stock Performance
During the last five days, there has been a drop of approximately -4.64%. Over the course of the year, Frontdoor Inc. shares have dropped approximately -12.52%. Shares of the company reached a 52-week high of $34.99 on 01/02/24 and a 52-week low of $29.67 on 02/28/24. A 50-day SMA is recorded $32.12, while a 200-day SMA reached $32.83. Nevertheless, trading volume fell to 0.76 million shares from 0.67 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 30.51, which, if violated, would cause prices to drop to 30.21. In the upper region, resistance lies at 31.39. The next price resistance is at 31.98. RSI (Relative Strength Index) is 41.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 76.81%, indicating bearish 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 Mar 15, 2024 jumping by 0.3 million shares to 3.29 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.99 million shares. A jump of 9.12% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.47 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.47.
