Frontdoor Inc’s recent filing unveils that its VP, Controller & CAO Brim Chastitie unloaded Company’s shares for reported $0.4 million on Aug 14 ’24. In the deal valued at $46.25 per share,8,650 shares were sold. As a result of this transaction, Brim Chastitie now holds 11,541 shares worth roughly $0.67 million.
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Then, Brim Chastitie bought 8,650 shares, generating $400,074 in total proceeds.
Before that, Fiarman Jeffrey sold 11,500 shares. Frontdoor Inc shares valued at $515,262 were divested by the SVP, CLO & Secretary at a price of $44.81 per share. As a result of the transaction, Fiarman Jeffrey now holds 15,802 shares, worth roughly $0.92 million.
William Blair upgraded its Frontdoor Inc [FTDR] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. JP Morgan also remained covering FTDR and has increased its forecast on May 04, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. William Blair 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 Friday, Frontdoor Inc [NASDAQ:FTDR] saw its stock jump 1.78% to $58.46. Over the last five days, the stock has gained 6.54%. Frontdoor Inc shares have risen nearly 65.99% since the year began. Nevertheless, the stocks have risen 71.24% over the past one year. While a 52-week high of $58.86 was reached on 11/22/24, a 52-week low of $29.41 was recorded on 04/17/24. SMA at 50 days reached $51.31, while 200 days put it at $40.09.
Levels Of Support And Resistance For FTDR Stock
The 24-hour chart illustrates a support level at 57.79, which if violated will result in even more drops to 57.13. On the upside, there is a resistance level at 59.07. A further resistance level may holdings at 59.68. The Relative Strength Index (RSI) on the 14-day chart is 67.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.65%. Stochastics %K at 85.30% indicates the stock is a selling.
How much short interest is there in Frontdoor Inc?
A steep rise in short interest was recorded in Frontdoor Inc stocks on 2024-10-31, dropping by 58329.0 shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.86 million shares. There was a decline of -2.09%, which implies that there is a negative sentiment for the stock.
