In a filing, Frontier Group Holdings Inc revealed its SVP, Human Resources Schuller Steve unloaded Company’s shares for reported $60000.0 on Oct 04 ’24. In the deal valued at $6.00 per share,10,000 shares were sold. As a result of this transaction, Schuller Steve now holds 34,035 shares worth roughly $0.2 million.
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Then, Schuller Steve bought 10,000 shares, generating $60,000 in total proceeds.
Before that, Wetzel Josh A sold 11,000 shares. Frontier Group Holdings Inc shares valued at $66,000 were divested by the VP & CAO at a price of $6.00 per share. As a result of the transaction, Wetzel Josh A now holds 1,052 shares, worth roughly $6070.04.
Citigroup reiterated its Frontier Group Holdings Inc [ULCC] rating to a Neutral in a research note published on October 22, 2024; the price target was $7.15. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late September from “an Underperform” to “a Mkt perform”. TD Cowen also remained covering ULCC and reiterated its “Hold” recommendation on September 16, 2024. JP Morgan revised its rating on July 30, 2024. It rated ULCC as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of ULCC
On Tuesday, Frontier Group Holdings Inc [NASDAQ:ULCC] saw its stock jump 1.23% to $5.77. Over the last five days, the stock has lost -7.23%. Frontier Group Holdings Inc shares have risen nearly 5.68% since the year began. Nevertheless, the stocks have risen 47.19% over the past one year. While a 52-week high of $8.33 was reached on 03/06/24, a 52-week low of $2.79 was recorded on 08/13/24. SMA at 50 days reached $5.19, while 200 days put it at $5.57.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 5.63, which if violated will result in even more drops to 5.49. On the upside, there is a resistance level at 5.96. A further resistance level may holdings at 6.15. The Relative Strength Index (RSI) on the 14-day chart is 46.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.15%. Stochastics %K at 10.44% indicates the stock is a buying.
How much short interest is there in Frontier Group Holdings Inc?
A steep rise in short interest was recorded in Frontier Group Holdings Inc stocks on 2024-10-15, growing by 1.97 million shares to a total of 17.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.78 million shares. There was a rise of 11.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 17, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $4.
