Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Frontier Communications Parent Inc shares valued at $11,764 were purchased by ACOF VI Frontier AIV A10, L.P. on Nov 27 ’24. At $34.80 per share, ACOF VI Frontier AIV A10, L.P. acquired 338 shares.
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Also, ACOF VI Frontier AIV A9, L.P. purchased 1,068 shares, netting a total of over 37,171 in proceeds.
Before that, ACOF VI Frontier AIV A8, L.P. had added 1,137 shares to its account. In a trade valued at $39,572, the 10% Owner bought Frontier Communications Parent Inc shares for $34.80 each.
As published in a research note from Raymond James on October 28, 2024, Frontier Communications Parent Inc [FYBR] has been rated down from a Strong buy to a Mkt perform. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of September 30, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for FYBR. Earlier on September 17, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for FYBR stock which previously was a “an Overweight”.
Analyzing FYBR Stock Performance
During the last five days, there has been a surge of approximately 0.23%. Over the course of the year, Frontier Communications Parent Inc shares have jumped approximately 37.25%. 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 $35.32, while a 200-day SMA reached $28.51. Nevertheless, trading volume fell to 1.0 million shares from 3.48 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 34.73, which, if violated, would cause prices to drop to 34.67. In the upper region, resistance lies at 34.86. The next price resistance is at 34.93. RSI (Relative Strength Index) is 46.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 30.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
