Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Frontier Communications Parent Inc shares valued at $2,838,930 were purchased by ARES MANAGEMENT LLC on Oct 18 ’23. At $18.93 per share, ARES MANAGEMENT LLC acquired 150,000 shares. The insider’s holdings grew to 38,912,895 shares worth approximately $1.38 billion following the completion of this transaction.
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Also, ARES MANAGEMENT LLC purchased 150,000 shares, netting a total of over 2,838,930 in proceeds. Following the buying of shares at $18.93 each, the insider now holds 38,912,895 shares.
Before that, ARES MANAGEMENT LLC had added 150,000 shares to its account. In a trade valued at $2,838,930, the 10% Owner bought Frontier Communications Parent Inc shares for $18.93 each. Upon closing the transaction, the insider’s holdings increased to 150,000 shares, worth approximately $1.38 billion.
As published in a research note from Wolfe Research on September 30, 2024, Frontier Communications Parent Inc [FYBR] has been rated down from an Outperform to a Peer perform. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of July 18, 2024, UBS has initiated its “Buy” rating for FYBR. Earlier on July 01, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for FYBR stock.
Analyzing FYBR Stock Performance
During the last five days, there has been a drop of approximately -0.84%. Over the course of the year, Frontier Communications Parent Inc shares have jumped approximately 39.78%. Shares of the company reached a 52-week high of $39.21 on 09/04/24 and a 52-week low of $20.51 on 02/23/24. A 50-day SMA is recorded $31.53, while a 200-day SMA reached $26.31. Nevertheless, trading volume fell to 2.59 million shares from 2.55 million shares the previous day.
Support And Resistance Levels for Frontier Communications Parent Inc (FYBR)
According to the 24-hour chart, there is a support level at 35.35, which, if violated, would cause prices to drop to 35.29. In the upper region, resistance lies at 35.49. The next price resistance is at 35.57. RSI (Relative Strength Index) is 60.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 81.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
