Frontier Communications shares are trading higher after 10% owner ACOF VI Frontier AIV A9, L.P. acquired a total of 150,000 shares an average price of $14.80.
Portfolio Pulse from Bill Haddad
Frontier Communications' shares are trading higher after ACOF VI Frontier AIV A9, L.P., a 10% owner, acquired a total of 150,000 shares at an average price of $14.80.
October 05, 2023 | 7:49 pm
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POSITIVE IMPACT
Frontier Communications' stock price is likely to increase in the short term due to the acquisition of 150,000 shares by a 10% owner.
The acquisition of a significant number of shares by a major owner typically signals confidence in the company's future prospects, which can lead to increased investor interest and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100