In a filing, Frontdoor Inc. revealed its SVP & General Counsel Fiarman Jeffrey unloaded Company’s shares for reported $0.15 million on Nov 07 ’23. In the deal valued at $35.63 per share,4,250 shares were sold. As a result of this transaction, Fiarman Jeffrey now holds 14,169 shares worth roughly $0.44 million.
Then, Fiarman Jeffrey sold 1,743 shares, generating $57,066 in total proceeds. Upon selling the shares at $32.74, the SVP & General Counsel now owns 18,419 shares.
Before that, Fiarman Jeffrey sold 100 shares. Frontdoor Inc. shares valued at $3,270 were divested by the SVP & General Counsel at a price of $32.70 per share. As a result of the transaction, Fiarman Jeffrey now holds 20,162 shares, worth roughly $0.63 million.
Truist upgraded its Frontdoor Inc. [FTDR] rating to a Buy from a a Hold in a research note published on October 06, 2023; the price target was increased to $42 from $40. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “an Overweight”. William Blair also remained covering FTDR and has decreased its forecast on November 04, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on November 04, 2022. It rated FTDR as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FTDR
On Tuesday, Frontdoor Inc. [NASDAQ:FTDR] saw its stock jump 0.26% to $31.01. Over the last five days, the stock has lost -2.51%. Frontdoor Inc. shares have fallen nearly -11.95% since the year began. Nevertheless, the stocks have risen 14.85% over the past one year. While a 52-week high of $38.97 was reached on 01/02/24, a 52-week low of $26.09 was recorded on 02/28/24. SMA at 50 days reached $31.97, while 200 days put it at $32.83. A total of 1.06 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For FTDR Stock
The 24-hour chart illustrates a support level at 30.73, which if violated will result in even more drops to 30.45. On the upside, there is a resistance level at 31.20. A further resistance level may holdings at 31.40. The Relative Strength Index (RSI) on the 14-day chart is 44.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.47%. Stochastics %K at 22.91% indicates the stock is a holding.
How much short interest is there in Frontdoor Inc.?
A steep rise in short interest was recorded in Frontdoor Inc. stocks on Mar 15, 2024, growing by 0.3 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.99 million shares. There was a rise of 9.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.47.
