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 $0.35 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 $5.5 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 2.16% to $7.11. Over the last five days, the stock has gained 5.18%. Frontier Group Holdings Inc shares have risen nearly 30.22% since the year began. Nevertheless, the stocks have fallen -25.78% 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 $7.33, while 200 days put it at $6.13. A total of 1.93 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 6.83, which if violated will result in even more drops to 6.55. On the upside, there is a resistance level at 7.25. A further resistance level may holdings at 7.39. The Relative Strength Index (RSI) on the 14-day chart is 50.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.02%. Stochastics %K at 48.23% indicates the stock is a holding.
