In a filing, Frontier Communications Parent Inc revealed its EVP, Consumer Harrobin John unloaded Company’s shares for reported $1.3 million on Mar 03 ’25. In the deal valued at $36.01 per share,36,000 shares were sold. As a result of this transaction, Harrobin John now holds 76,523 shares worth roughly $2.74 million.
Then, Harrobin John bought 36,000 shares, generating $1,296,369 in total proceeds.
Before that, ARES MANAGEMENT LLC sold 11,500,000 shares. Frontier Communications Parent Inc shares valued at $395,255,000 were divested by the 10% Owner at a price of $34.37 per share. As a result of the transaction, ARES MANAGEMENT LLC now holds 23,922,768 shares, worth roughly $857.39 million.
Raymond James downgraded its Frontier Communications Parent Inc [FYBR] rating to an Underperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Raymond James also remained covering FYBR and has decreased its forecast on October 28, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. TD Cowen revised its rating on October 08, 2024. It rated FYBR as “a Hold” which previously was an “a Buy”.
Price Performance Review of FYBR
On Friday, Frontier Communications Parent Inc [NASDAQ:FYBR] saw its stock unchanged to $35.84. Over the last five days, the stock has lost -0.58%. Frontier Communications Parent Inc shares have risen nearly 3.29% since the year began. Nevertheless, the stocks have risen 45.93% over the past one year. While a 52-week high of $39.21 was reached on 03/07/25, a 52-week low of $21.31 was recorded on 01/02/25. SMA at 50 days reached $35.68, while 200 days put it at $32.54.
Levels Of Support And Resistance For FYBR Stock
The 24-hour chart illustrates a support level at 35.77, which if violated will result in even more drops to 35.71. On the upside, there is a resistance level at 35.93. A further resistance level may holdings at 36.03. The Relative Strength Index (RSI) on the 14-day chart is 51.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.72%. Stochastics %K at 41.90% 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 2025-02-28, growing by 10359.0 shares to a total of 7.4 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.39 million shares. There was a rise of 0.14%, which implies that there is a positive sentiment for the stock.
