In a filing, Frontier Group Holdings Inc revealed its CEO Biffle Barry unloaded Company’s shares for reported $1.26 million on Jan 06 ’25. In the deal valued at $7.88 per share,160,000 shares were sold. As a result of this transaction, Biffle Barry now holds 1,024,817 shares worth roughly $8.53 million.
Then, Schuller Steve sold 5,000 shares, generating $35,336 in total proceeds. Upon selling the shares at $7.07, the SVP, Human Resources now owns 47,590 shares.
Before that, Biffle Barry bought 160,000 shares. Frontier Group Holdings Inc shares valued at $1,260,800 were divested by the Officer at a price of $7.88 per share.
Deutsche Bank upgraded its Frontier Group Holdings Inc [ULCC] rating to a Buy from a a Hold in a research note published on December 11, 2024; the price target was increased to $8 from $6. Citigroup also remained covering ULCC and reiterated its “Neutral” recommendation on October 22, 2024. Raymond James revised its rating on September 30, 2024. It rated ULCC as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of ULCC
On Tuesday, Frontier Group Holdings Inc [NASDAQ:ULCC] saw its stock jump 4.13% to $8.32. Over the last five days, the stock has gained 17.18%. Frontier Group Holdings Inc shares have risen nearly 17.02% since the year began. Nevertheless, the stocks have risen 64.43% over the past one year. While a 52-week high of $8.41 was reached on 01/06/25, a 52-week low of $2.79 was recorded on 01/03/25. SMA at 50 days reached $6.42, while 200 days put it at $5.48.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 8.11, which if violated will result in even more drops to 7.90. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.59. The Relative Strength Index (RSI) on the 14-day chart is 73.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.61%. Stochastics %K at 87.43% indicates the stock is a selling.
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 2024-12-13, dropping by -0.35 million shares to a total of 14.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.31 million shares. There was a decline of -2.35%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 16, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $4.
