Frontier Group Holdings Inc’s filing revealed that its CEO Biffle Barry unloaded Company’s shares for reported $0.12 million on Mar 06 ’24. In the deal valued at $8.21 per share,15,000 shares were sold. As a result of this transaction, Biffle Barry now holds 48,949 shares worth roughly $0.33 million.
Then, Biffle Barry sold 151,620 shares, generating $1,170,506 in total proceeds. Upon selling the shares at $7.72, the CEO now owns 772,981 shares.
Before that, Biffle Barry sold 142,154 shares. Frontier Group Holdings Inc shares valued at $1,049,097 were divested by the CEO at a price of $7.38 per share. As a result of the transaction, Biffle Barry now holds 772,981 shares, worth roughly $5.23 million.
UBS initiated its Frontier Group Holdings Inc [ULCC] rating to a Neutral in a research note published on March 20, 2024; the price target was $8. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Market perform”‘ rating for it. BofA Securities also remained covering ULCC and has decreased its forecast on January 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on January 08, 2024. It rated ULCC as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of ULCC
On Monday, Frontier Group Holdings Inc [NASDAQ:ULCC] saw its stock jump 0.60% to $6.76. Over the last five days, the stock has lost -8.40%. Frontier Group Holdings Inc shares have risen nearly 23.81% since the year began. Nevertheless, the stocks have fallen -28.77% over the past one year. While a 52-week high of $10.57 was reached on 03/06/24, a 52-week low of $3.19 was recorded on 01/17/24. SMA at 50 days reached $7.26, while 200 days put it at $6.20. A total of 1.29 million shares were traded, compared to the trading of 1.52 million shares in the previous session.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 6.63, which if violated will result in even more drops to 6.49. On the upside, there is a resistance level at 6.89. A further resistance level may holdings at 7.02. The Relative Strength Index (RSI) on the 14-day chart is 42.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.53%. Stochastics %K at 13.00% indicates the stock is a buying.
