Among the biggest risers on the S&P 500 on Friday November 29 was Frontier Communications Corporation ($FTR), popping some 3.35% to a price of $0.67 a share with some 578,761 shares trading hands.
Starting the day trading at $0.66, Frontier Communications Corporation reached an intraday high of $0.67 and hit intraday lows of $0.64. Shares gained $0.0219 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 105.37 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $0.52 to $3.80.
Frontier Communications Corp is a provider of communications services for consumer and commercial customers in the United States. The portfolio of its services includes Data and Internet services, Video services, Voice services including both the regulated and unregulated voices, Access services, and Advanced Hardware and Network Solutions.
Frontier Communications Corporation has its corporate headquarters located in Norwalk, CT and employs 19,132 people. Its market cap has now risen to $71.11 million after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B -0.02, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
