On July 14, 2023, The Wall Street Journal issued an article entitled “I Was Really Sick, And I Didn’t Know From What”, which discussed illnesses affecting telecoms workers who have been exposed to toxic lead.
On this news, Frontier Communications stock declined by $1.93 per share, or 11.9%, to close at $14.31 on July 14, 2023.
On July 17, 2023, The Wall Street Journal released an article entitled “Environmental Groups Ask Epa To Shield Public From Abandoned Lead Cables”, which discussed how environmental groups were requesting that the EPA respond to the reports that telecom companies such as Frontier Communications were leaving toxic lead cables around the country.
On this news, Frontier Communications stock fell a further $2.26, or 15%, to close at $12.05 on July 17, 2023.