President Dempsey James G. sold 245,000 shares of Frontier Group Holdings Inc [ULCC]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Frontier Group Holdings Inc shares valued at $976,692 were sold by Dempsey James G. on Nov 20. At $3.99 per share, Dempsey James G. sold 245,000 shares. The insider’s holdings dropped to 583,462 shares worth approximately $4.46 million following the completion of this transaction.

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Also, Diamond Howard sold 58,000 shares, netting a total of over 227,302 in proceeds. Following the sale of shares at $3.92 each, the insider now holds 508,547 shares.

Before that, Dempsey James G. had sold 240,000 shares from its account. In a trade valued at $935,592, the President traded Frontier Group Holdings Inc shares for $3.90 each. Upon closing the transaction, the insider’s holdings decreased to 240,000 shares, worth approximately $2.65 million.

As published in a research note from TD Cowen on February 07, 2024, Frontier Group Holdings Inc [ULCC] has been retained to a Market perform and the price target has been revised to $12.

Analyzing ULCC Stock Performance

During the last five days, there has been a surge of approximately 10.89%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 39.93%. Shares of the company reached a 52-week high of $7.97 on 02/12/24 and a 52-week low of $4.14 on 01/17/24. A 50-day SMA is recorded $5.36, while a 200-day SMA reached $6.48. Nevertheless, trading volume fell to 2.6 million shares from 2.65 million shares the previous day.

Support And Resistance Levels for Frontier Group Holdings Inc (ULCC)

According to the 24-hour chart, there is a support level at 7.53, which, if violated, would cause prices to drop to 7.41. In the upper region, resistance lies at 7.76. The next price resistance is at 7.87. RSI (Relative Strength Index) is 70.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 10.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Frontier Group Holdings Inc subject to short interest?

Stocks of Frontier Group Holdings Inc saw a sharp rise in short interest on Jan 31, 2024 jumping by 80000.0 shares to 14.04 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 13.96 million shares. A jump of 0.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.02 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.02.

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