Frontier Communications (FTR) Volatility Elevated; Shares Closing in On 50-Day SMA
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Frontier Communications (NYSE: FTR) shares are showing some activity Monday on lighter than normal volume.
According to market data, Implied volatility is up 18 percent from Friday's close and at just 73 percent of its trailing annual average.
Shares are up about 1.5 percent in late trading.
The stock is inching towards its 50-day SMA, currently situated at $3.78.
Of note, Frontier peer CenturyLink (NYSE: CTL) is holding its analyst day Tuesday. CenturyLink shares are up 0.7 percent into the event.
According to market data, Implied volatility is up 18 percent from Friday's close and at just 73 percent of its trailing annual average.
Shares are up about 1.5 percent in late trading.
The stock is inching towards its 50-day SMA, currently situated at $3.78.
Of note, Frontier peer CenturyLink (NYSE: CTL) is holding its analyst day Tuesday. CenturyLink shares are up 0.7 percent into the event.
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