Frontier Communications Parent Inc’s filing revealed that its 10% Owner ASSF IV AIV B, L.P. acquired Company’s shares for reported $1.9 million on Dec 02 ’24. In the deal valued at $34.75 per share,54,639 shares were bought.
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Then, ASSF IV AIV B Holdings III, L. bought 55,467 shares, generating $1,927,417 in total proceeds.
Before that, ACOF VI Frontier AIV B1, L.P. bought 320,631 shares. Frontier Communications Parent Inc shares valued at $11,141,575 were divested by the 10% Owner at a price of $34.75 per share.
Raymond James downgraded its Frontier Communications Parent Inc [FYBR] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. Wolfe Research also remained covering FYBR and has decreased its forecast on September 30, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on September 17, 2024. It rated FYBR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of FYBR
On Monday, Frontier Communications Parent Inc [NASDAQ:FYBR] saw its stock fall -0.26% to $34.72. Over the last five days, the stock has lost -0.43%. Frontier Communications Parent Inc shares have risen nearly 37.02% since the year began. Nevertheless, the stocks have risen 58.61% over the past one year. While a 52-week high of $39.21 was reached on 09/04/24, a 52-week low of $20.51 was recorded on 02/23/24. SMA at 50 days reached $35.29, while 200 days put it at $28.64.
Levels Of Support And Resistance For FYBR Stock
The 24-hour chart illustrates a support level at 34.66, which if violated will result in even more drops to 34.59. On the upside, there is a resistance level at 34.80. A further resistance level may holdings at 34.87. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.53%. Stochastics %K at 68.73% indicates the stock is a holding.
How much short interest is there in Frontier Communications Parent Inc?
A steep rise in short interest was recorded in Frontier Communications Parent Inc stocks on 2024-11-15, growing by 0.79 million shares to a total of 8.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.7 million shares. There was a rise of 9.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 18, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
