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 $395,255,000 were sold by ARES MANAGEMENT LLC on Dec 10 ’24. At $34.37 per share, ARES MANAGEMENT LLC sold 11,500,000 shares. The insider’s holdings dropped to 23,922,768 shares worth approximately $844.71 million following the completion of this transaction.
Also, ARES MANAGEMENT LLC sold 11,500,000 shares, netting a total of over 395,255,000 in proceeds. Following the sale of shares at $34.37 each, the insider now holds 23,922,768 shares.
Before that, ARES MANAGEMENT LLC had sold 11,500,000 shares from its account. In a trade valued at $395,255,000, the 10% Owner traded Frontier Communications Parent Inc shares for $34.37 each. Upon closing the transaction, the insider’s holdings decreased to 11,500,000 shares, worth approximately $844.71 million.
As published in a research note from The Benchmark Company on December 06, 2024, Frontier Communications Parent Inc [FYBR] has been rated down from a Buy to a Hold. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of October 08, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for FYBR. Earlier on September 30, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for FYBR stock which previously was a “an Outperform”.
Analyzing FYBR Stock Performance
During the last five days, there has been a surge of approximately 1.76%. Over the course of the year, Frontier Communications Parent Inc shares have jumped approximately 1.76%. Shares of the company reached a 52-week high of $35.31 on 01/08/25 and a 52-week low of $34.71 on 01/02/25. A 50-day SMA is recorded $34.88, while a 200-day SMA reached $30.04. Nevertheless, trading volume fell to 2.03 million shares from 2.83 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 35.19, which, if violated, would cause prices to drop to 35.07. In the upper region, resistance lies at 35.37. The next price resistance is at 35.43. RSI (Relative Strength Index) is 66.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
