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Why Frontier Stock Closed Down 8.3% on June 21

Why Frontier Stock Closed Down 8.3% on June 21

Yesterday, the stock of Frontier Communications (FTR) fell 8.3% after the company announced the resignation of R. Perley McBride, its executive vice president and CFO. McBride is leaving the company for personal reasons and has plans to return to his family who lives in Atlanta. McBride will continue to serve as CFO until August 31 for a smooth transition of responsibilities.