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 $400,078 were sold by Brim Chastitie on Aug 14 ’24. At $46.25 per share, Brim Chastitie sold 8,650 shares. The insider’s holdings dropped to 11,541 shares worth approximately $0.66 million following the completion of this transaction.
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Also, Brim Chastitie purchased 8,650 shares, netting a total of over 400,074 in proceeds.
Before that, Fiarman Jeffrey had sold 11,500 shares from its account. In a trade valued at $515,262, the SVP, CLO & Secretary traded Frontdoor Inc shares for $44.81 each. Upon closing the transaction, the insider’s holdings decreased to 11,500 shares, worth approximately $0.91 million.
As published in a research note from William Blair on August 02, 2024, Frontdoor Inc [FTDR] has been rated up from a Mkt perform to an Outperform. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of May 04, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for FTDR. Earlier on November 04, 2022, William Blair 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 surge of approximately 11.19%. Over the course of the year, Frontdoor Inc shares have jumped approximately 62.81%. Shares of the company reached a 52-week high of $57.49 on 11/06/24 and a 52-week low of $29.41 on 04/17/24. A 50-day SMA is recorded $49.21, while a 200-day SMA reached $38.68. Nevertheless, trading volume fell to 1.05 million shares from 1.12 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 55.29, which, if violated, would cause prices to drop to 53.24. In the upper region, resistance lies at 58.44. The next price resistance is at 59.54. RSI (Relative Strength Index) is 74.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.68, which suggests the price will increase in the coming days. Percent R is at 1.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
