Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Frontier Group Holdings Inc shares valued at $123,150 were sold by Biffle Barry on Mar 06 ’24. At $8.21 per share, Biffle Barry sold 15,000 shares. The insider’s holdings dropped to 48,949 shares worth approximately $0.29 million following the completion of this transaction.
Also, Biffle Barry sold 151,620 shares, netting a total of over 1,170,506 in proceeds. Following the sale of shares at $7.72 each, the insider now holds 772,981 shares.
Before that, Biffle Barry had sold 142,154 shares from its account. In a trade valued at $1,049,097, the CEO traded Frontier Group Holdings Inc shares for $7.38 each. Upon closing the transaction, the insider’s holdings decreased to 142,154 shares, worth approximately $4.58 million.
As published in a research note from TD Cowen on May 03, 2024, Frontier Group Holdings Inc [ULCC] has been retained to a Hold and the price target has been revised to $6.50. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of February 07, 2024, TD Cowen has reiterated its “Market perform” rating for ULCC. Earlier on January 09, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ULCC stock which previously was a “a Buy”.
Analyzing ULCC Stock Performance
During the last five days, there has been a drop of approximately -0.17%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 8.61%. Shares of the company reached a 52-week high of $8.33 on 03/06/24 and a 52-week low of $4.14 on 01/17/24. A 50-day SMA is recorded $6.98, while a 200-day SMA reached $5.87. Nevertheless, trading volume fell to 1.27 million shares from 1.08 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 5.83, which, if violated, would cause prices to drop to 5.72. In the upper region, resistance lies at 6.06. The next price resistance is at 6.18. RSI (Relative Strength Index) is 38.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 82.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
