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 $770,093 were sold by Diamond Howard on Feb 20 ’25. At $8.77 per share, Diamond Howard sold 87,830 shares. The insider’s holdings dropped to 175,886 shares worth approximately $1.3 million following the completion of this transaction.
Also, Mitchell Mark Christopher sold 78,324 shares, netting a total of over 711,307 in proceeds. Following the sale of shares at $9.08 each, the insider now holds 112,086 shares.
Before that, Mitchell Mark Christopher had sold 80,479 shares from its account. In a trade valued at $681,794, the SVP & CFO traded Frontier Group Holdings Inc shares for $8.47 each. Upon closing the transaction, the insider’s holdings decreased to 80,479 shares, worth approximately $0.83 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 drop of approximately -15.14%. Over the course of the year, Frontier Group Holdings Inc shares have jumped approximately 4.08%. Shares of the company reached a 52-week high of $10.26 on 02/10/25 and a 52-week low of $6.76 on 01/03/25. A 50-day SMA is recorded $7.96, while a 200-day SMA reached $5.76. Nevertheless, trading volume fell to 2.96 million shares from 2.67 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 7.20, which, if violated, would cause prices to drop to 7.00. In the upper region, resistance lies at 7.60. The next price resistance is at 7.80. RSI (Relative Strength Index) is 40.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 93.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
