Frontier Group Holdings Inc’s recently made public that its CEO Biffle Barry unloaded Company’s shares for reported $2.3 million on Jan 17 ’25. In the deal valued at $8.44 per share,273,000 shares were sold. As a result of this transaction, Biffle Barry now holds 816,817 shares worth roughly $6.89 million.
Then, Biffle Barry sold 160,000 shares, generating $1,340,800 in total proceeds. Upon selling the shares at $8.38, the CEO now owns 864,817 shares.
Before that, Biffle Barry bought 273,000 shares. Frontier Group Holdings Inc shares valued at $2,304,120 were divested by the Officer at a price of $8.44 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 Friday, Frontier Group Holdings Inc [NASDAQ:ULCC] saw its stock fall -1.17% to $8.43. Over the last five days, the stock has gained 0.12%. Frontier Group Holdings Inc shares have risen nearly 18.57% since the year began. Nevertheless, the stocks have risen 67.59% over the past one year. While a 52-week high of $8.85 was reached on 01/21/25, a 52-week low of $2.79 was recorded on 01/03/25. SMA at 50 days reached $7.01, while 200 days put it at $5.56.
Levels Of Support And Resistance For ULCC Stock
The 24-hour chart illustrates a support level at 8.30, which if violated will result in even more drops to 8.18. On the upside, there is a resistance level at 8.63. A further resistance level may holdings at 8.83. The Relative Strength Index (RSI) on the 14-day chart is 60.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.82%. Stochastics %K at 64.65% 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 2025-01-15, growing by 86118.0 shares to a total of 15.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 14.96 million shares. There was a rise of 0.57%, which implies that there is a positive 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.
