Frontdoor Shares Slip After Q1 Beat
Frontdoor Inc stock edged down nearly 1% early Wednesday on Nasdaq. Shares opened at $61.55 and last traded at $61.31. The company, which sells home warranties, had a market cap near $4.43 billion. Frontdoor traded at about 17.5 times earnings, a price-to-earnings ratio that divides the share price by earnings per share. Stocks started out lower with a weaker tone on Wall Street. The S&P 500, Dow and Nasdaq all opened in the red as tensions in the Middle East gave oil another leg up and weighed on risk demand, Reuters reported.