Insiders Seeing Green With FTR At New 52-Week High

In trading on Friday, shares of Frontier Communications Corp (FTR) touched a new 52-week high of $4.92/share. That's a 32.61% rise, or $1.21 per share from the 52-week low of $3.71 set back on 03/28/2013. That means at today's intraday high, any investor who purchased FTR stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, FTR has seen 2 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
06/05/2013 Mark S. Shapiro Director 75,000 $3.99 $299,242.37
06/11/2013 Edward Fraioli Director 2,600 $4.10 $10,655.05

The chart below shows where FTR has traded over the past year, with the 50-day and 200-day moving averages included.

Frontier Communications Corp Moving Averages Chart

In afternoon trading on Friday, FTR shares are changing hands at $4.89/share, slightly below the new 52-week high.

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