Frontline Ltd. (NYSE:FRO) : During the past 4 weeks, traders have been relatively bearish on Frontline Ltd. (NYSE:FRO), hence the stock is down -18.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.53% relative to the S&P 500. The 4-week change in the price of the stock is -17.07% and the stock has fallen -4.32% in the past 1 week.
The company shares have dropped -36.46% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $17.05 and the one year low was seen on Jul 7, 2016. The 50-Day Moving Average price is $8.31 and the 200 Day Moving Average price is recorded at $9.16.
The stock has recorded a 20-day Moving Average of 7.82% and the 50-Day Moving Average is 6.16%.
Frontline Ltd. (NYSE:FRO): stock turned positive on Friday. Though the stock opened at $7.25, the bulls momentum made the stock top out at $7.56 level for the day. The stock recorded a low of $7.24 and closed the trading day at $7.53, in the green by 3.72%. The total traded volume for the day was 1,148,066. The stock had closed at $7.26 in the previous days trading.
Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Companys tanker fleet consisted of 22 vessels and consists of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.