Frontier Group Holdings Inc’s recent filing unveils that its Director Connor Josh T. unloaded Company’s shares for reported $0.69 million on Dec 06 ’24. In the deal valued at $5.79 per share,120,000 shares were sold. As a result of this transaction, Connor Josh T. now holds 116,550 shares worth roughly $0.7 million.
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Then, Connor Josh T. sold 60,000 shares, generating $360,030 in total proceeds. Upon selling the shares at $6.00, the Director now owns 236,550 shares.
Before that, JOHN CONNOR bought 120,000 shares. Frontier Group Holdings Inc shares valued at $694,700 were divested by the BOARD MEMBER at a price of $5.79 per share.
A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Neutral”‘ rating for it. Raymond James also remained covering ULCC and has increased its forecast on September 30, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. TD Cowen maintained its rating on September 16, 2024. It rated ULCC as “a Hold”.
Price Performance Review of ULCC
On Tuesday, Frontier Group Holdings Inc [NASDAQ:ULCC] saw its stock jump 1.52% to $6.01. Over the last five days, the stock has gained 3.62%. Frontier Group Holdings Inc shares have risen nearly 10.07% since the year began. Nevertheless, the stocks have risen 27.33% 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 $6.09, while 200 days put it at $5.52.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 5.88, which if violated will result in even more drops to 5.74. On the upside, there is a resistance level at 6.11. A further resistance level may holdings at 6.21. The Relative Strength Index (RSI) on the 14-day chart is 51.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.61%. Stochastics %K at 62.84% 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 2024-11-29, dropping by -1.42 million shares to a total of 15.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.93 million shares. There was a decline of -9.12%, which implies that there is a negative sentiment for the stock.
