Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Frontier Group Holdings Inc shares valued at $66,000 were sold by Wetzel Josh A on May 16 ’24. At $6.00 per share, Wetzel Josh A sold 11,000 shares. The insider’s holdings dropped to 1,052 shares worth approximately $5901.72 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Biffle Barry sold 15,000 shares, netting a total of over 123,150 in proceeds. Following the sale of shares at $8.21 each, the insider now holds 48,949 shares.
Before that, Biffle Barry had sold 151,620 shares from its account. In a trade valued at $1,170,506, the CEO traded Frontier Group Holdings Inc shares for $7.72 each. Upon closing the transaction, the insider’s holdings decreased to 151,620 shares, worth approximately $4.34 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 -6.97%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 2.75%. 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 $6.67, while a 200-day SMA reached $5.74. Nevertheless, trading volume fell to 1.24 million shares from 1.69 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 5.49, which, if violated, would cause prices to drop to 5.37. In the upper region, resistance lies at 5.74. The next price resistance is at 5.86. RSI (Relative Strength Index) is 37.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 88.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
