An investigation on behalf of investors of frontdoor, inc. (NASDAQ: FTDR) shares over potential securities laws violations by frontdoor, inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of frontdoor, inc. (NASDAQ: FTDR) concerning whether a series of statements by frontdoor, inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Memphis, TN based frontdoor, inc. operates a home services platform that provides home service plans to homeowners in the United States. frontdoor, inc. went public in October 2018 and shares of frontdoor, inc. (NASDAQ: FTDR) reached as high as $49.53 per share on October 9, 2018. frontdoor, inc. reported that its annual Total Revenue rose from $1.02 billion in 2016 to over $1.15 billion in 2107 and that it Net INcome increased from $124 million in 2016 to $160 million in 2017.


On November 5, 2018, frontdoor, inc. announced its unaudited third-quarter 2018 results.

Shares of frontdoor, inc. (NASDAQ: FTDR) declined to a slow as $20.68 per share on November 9, 2018.