Frontier Communications Corporation (FTR) stock had a bullish inflow of $7.25 million worth of trades on uptick and an outflow of $3.27 million in downticks on Friday. The total uptick to downtick ratio stood at 2.22. The net money flow into the stock was $3.98 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.87 million. An inflow of $0.61 million block trade was recorded on downticks. $4.48 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 7.4 in favor of the bulls. However, Frontier Communications Corporation (FTR) stock traded down $0.01 , and reached $4.53, a drop of -0.22% over the previous day. On a weekly basis, the stock is -1.74%, over the previous weeks close.
The company Insiders own 0.99% of Frontier Communications Corporation shares according to the proxy statements. Institutional Investors own 66.27% of Frontier Communications Corporation shares.
In a related news, Weslock Kathleen, officer (EVP, Chief People Officer) of Frontier Communications Corp had purchased 12,370 shares on November 10, 2015 in a transaction. The price per share was $4.81 and the total amount of the disclosed transaction was $59,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Frontier Communications Corporation (NASDAQ:FTR): The stock opened at $4.57 and touched an intraday high of $4.63 on Friday. During the day, the stock corrected to an intraday low of $4.5, however, the bulls stepped in and pushed the price higher to close in the green at $4.56 with a gain of 0.44% for the day. The total traded volume for the day was 15,957,365. The stock had closed at $4.54 in the previous trading session.
Frontier Communications Corporation (FTR) : During the past 4 weeks, traders have been relatively bearish on Frontier Communications Corporation (FTR), hence the stock is down -6.05% 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 -1.58% relative to the S&P 500. The 4-week change in the price of the stock is -6.17% and the stock has fallen -1.08% in the past 1 week.
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.