Frontline (FRO) Is Today's Pre-Market Mover With Heavy Volume Stock

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Trade-Ideas LLC identified Frontline ( FRO) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Frontline as such a stock due to the following factors:

  • FRO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.0 million.
  • FRO traded 413,714 shares today in the pre-market hours as of 9:09 AM, representing 10.9% of its average daily volume.

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More details on FRO:

Frontline Ltd., a shipping company, through its subsidiaries, owns and operates oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products. Currently there is 1 analyst that rates Frontline a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Frontline has been 2.4 million shares per day over the past 30 days. Frontline has a market cap of $320.2 million and is part of the services sector and transportation industry. The stock has a beta of 2.34 and a short float of 8.7% with 2.25 days to cover. Shares are up 19.1% year-to-date as of the close of trading on Wednesday.

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