Large Outflow of Money Witnessed in Frontier Communications Corporation

Frontier Communications Corporation (FTR) : The total negative money flow of $3.01 million on Friday indicates selling on strength. The inflow of money on upticks was $8.55 million, compared to $11.55 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.74. The negative money flow of $0.66 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.95 million in a block trade.The transaction value of block trade on downtick was $3.61 million. The uptick to downtick ratio was 0.82. The price action in the Frontier Communications Corporation (FTR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $5.17 with a gain of $0.07 , a change of 1.27% over the previous days close. The stock registered -0.1% for the week.


Frontier Communications Corporation (FTR) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $5. The average forecast of all the analysts is $6.24 and the expected standard deviation is $1.2.

Frontier Communications Corporation (NASDAQ:FTR): stock turned positive on Friday. Though the stock opened at $5.11, the bulls momentum made the stock top out at $5.2 level for the day. The stock recorded a low of $5.08 and closed the trading day at $5.17, in the green by 1.37%. The total traded volume for the day was 12,124,168. The stock had closed at $5.1 in the previous days trading.

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.

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