Frontier Group Holdings Inc’s recent filing unveils that its VP & CAO Wetzel Josh A unloaded Company’s shares for reported $81006.0 on Nov 14 ’24. In the deal valued at $6.75 per share,12,000 shares were sold. As a result of this transaction, Wetzel Josh A now holds 1,422 shares worth roughly $7664.58.
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Then, JOSHUA WETZEL bought 12,000 shares, generating $81,011 in total proceeds.
Before that, Schuller Steve sold 10,000 shares. Frontier Group Holdings Inc shares valued at $60,000 were divested by the SVP, Human Resources at a price of $6.00 per share. As a result of the transaction, Schuller Steve now holds 34,035 shares, worth roughly $0.18 million.
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 fall -2.88% to $5.39. Over the last five days, the stock has lost -19.19%. Frontier Group Holdings Inc shares have fallen nearly -1.28% since the year began. Nevertheless, the stocks have risen 27.12% 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 $5.73, while 200 days put it at $5.63.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 5.26, which if violated will result in even more drops to 5.12. On the upside, there is a resistance level at 5.58. A further resistance level may holdings at 5.76. The Relative Strength Index (RSI) on the 14-day chart is 38.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 28.04% indicates the stock is a holding.
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 2024-10-31, dropping by 10050.0 shares to a total of 16.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.94 million shares. There was a decline of -0.06%, which implies that there is a negative 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.
