Frontier Communications Corporation (FTR) : $4.76 million worth of transactions were on upticks in Frontier Communications Corporation (FTR), compared to $3.25 million on downticks. The ratio between the two was 1.46, whereas, the net money flow stood at a healthy $1.5 million on Wednesdays session.The block trades show a bullish bias with only $0.18 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $1.4million worth of trades. The up-down ratio between the uptick and downtick was 7.92, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.22 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.2%. The stock was trading at $5.01, with a drop of $0.01 over the previous days close. The stock recorded -3.09% for the week.
Also, Macquarie initiates coverage on Frontier Communications Corporation (NASDAQ:FTR) The current rating of the shares is Underperform. The rating by the firm was issued on July 11, 2016.
Frontier Communications Corporation (NASDAQ:FTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.05 and $4.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.04, notching a gain of 0.40% for the day. The total traded volume was 10,299,682 . The stock had closed at $5.02 on the previous day.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 0.41%. 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.