The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Frontier Group Holdings Inc shares valued at $694,728 were sold by Connor Josh T. on Dec 06 ’24. At $5.79 per share, Connor Josh T. sold 120,000 shares. The insider’s holdings dropped to 116,550 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Connor Josh T. sold 60,000 shares, netting a total of over 360,030 in proceeds. Following the sale of shares at $6.00 each, the insider now holds 236,550 shares.
Before that, JOHN CONNOR had added 120,000 shares to its account. In a trade valued at $694,700, the BOARD MEMBER bought Frontier Group Holdings Inc shares for $5.79 each.
As published in a research note from Deutsche Bank on December 11, 2024, Frontier Group Holdings Inc [ULCC] has been rated up from a Hold to a Buy and the price target has been revised to $8 from $6. As of October 22, 2024, Citigroup has reiterated its “Neutral” rating for ULCC. Earlier on September 30, 2024, Raymond James upgraded its rating. Their new recommendation was “a Mkt perform” for ULCC stock which previously was a “an Underperform”.
Analyzing ULCC Stock Performance
During the last five days, there has been a drop of approximately -11.61%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 11.54%. Shares of the company reached a 52-week high of $8.33 on 03/06/24 and a 52-week low of $2.79 on 08/13/24. A 50-day SMA is recorded $6.21, while a 200-day SMA reached $5.49. Nevertheless, trading volume fell to 2.58 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 5.83, which, if violated, would cause prices to drop to 5.56. In the upper region, resistance lies at 6.51. The next price resistance is at 6.93. RSI (Relative Strength Index) is 49.52 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 69.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
