Frontier Group Holdings pulled off an IPO last week in spite of the weakness of the airline industry.
But with travel demand bouncing back investors are taking a closer look at Frontier Airline stock as a potential recovery play.
The Frontier IPO launched at the low end of the price range and slipped even further the first day of trading.
The prices have since recovered a bit and the shares currently trade just above the IPO price.
That means investors who missed the IPO still have a chance to get into the stock near the IPO price.
That doesn’t mean you should, though.
Tags: Stocks to Buy
The post Why Frontier Airlines Stock Doesn’t Belong in Your Portfolio appeared first on Money Morning – We Make Investing Profitable.
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