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 $1,100,800 were sold by Biffle Barry on Dec 23 ’24. At $6.88 per share, Biffle Barry sold 160,000 shares. The insider’s holdings dropped to 784,817 shares worth approximately $5.72 million following the completion of this transaction.
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Also, Biffle Barry purchased 160,000 shares, netting a total of over 1,100,800 in proceeds.
Before that, Connor Josh T. had sold 120,000 shares from its account. In a trade valued at $694,728, the Director traded Frontier Group Holdings Inc shares for $5.79 each. Upon closing the transaction, the insider’s holdings decreased to 120,000 shares, worth approximately $0.85 million.
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 surge of approximately 19.70%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 33.52%. 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 $6.32, while a 200-day SMA reached $5.48. Nevertheless, trading volume fell to 1.79 million shares from 2.56 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 7.11, which, if violated, would cause prices to drop to 6.93. In the upper region, resistance lies at 7.41. The next price resistance is at 7.52. RSI (Relative Strength Index) is 64.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 3.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
