Frontier Communications Corporation (FTR) has been under a strong bear grip, hence the stock is down -3.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.49% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.02% in the last 1 week, and is up 1.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.87% and the 50-Day Moving Average is 2.97%.
Frontier Communications Corporation (NASDAQ:FTR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.13 and $5.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.17, notching a gain of 1.17% for the day. The total traded volume was 11,643,473 . The stock had closed at $5.11 on the previous day.
The company Insiders own 0.99% of Frontier Communications Corporation shares according to the proxy statements. Institutional Investors own 66.57% of Frontier Communications Corporation shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (EVP, Chief People Officer) of Frontier Communications Corp, Weslock Kathleen had purchased shares worth of $59,500 in a transaction dated on November 10, 2015. A total of 12,370 shares were purchased at a price of $4.81 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Frontier Communications Corporation is a communications company. The Company is engaged in providing services to rural areas and small and medium-sized towns and cities in the United States. It offers a range of voice, data and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. It conducts business with both residential and business customers, and it provides the last mile of communications services to customers in these markets. The Company provides data and Internet services and wireless data services, basic local and long distance voice wireline services to residential and business customers in its service areas, network access to interexchange carriers for origination and termination of long distance voice and data traffic, sales of its own and third party video services, and sales of customer premise equipment.