Frontier (FYBR.US) intends to "sell itself" to verizon (VZ.US) or may face opposition from the second largest shareholder.
Frontier Communications' (FYBR.US) second largest shareholder plans to vote against the plan to sell the company to verizon (VZ.US) for nearly $10 billion.
Frontier's Second-largest Holder Plans to Vote Against Sale to Verizon - Reuters
Options Outlook | Technology stocks' earnings season is about to begin! Are the options values of Tesla and Netflix still underestimated? The probability of a post-earnings rise in Bank of America is as high as 80%! Calls are becoming active one after ano
From the skewness of options implied volatility, the current market tends to be bullish on tesla. Last Friday, there was a bullish buy order to buy 10 October 18th expiration call options with a strike price of $225 for opening positions; another two options buyers simultaneously purchased 10 October 25th expiration put options with a strike price of $260 and 17 January next year expiration put options with a strike price of $255 to hedge against further decline in Tesla.
Exclusive-Verizon Bid for Frontier Faces Investor Skepticism, Sources Say
Express News | Exclusive-Glendon Capital Management to Vote Against Verizon's Planned Takeover of Frontier Communications, Sources Say
After eight weeks of selling off, the hedge fund bought back US stocks, achieving the fastest speed since 2021.
The US stock market is currently experiencing active buying and market growth, but the market's high valuation is a concerning issue that may trigger future adjustments.