Shares of Wizz Air Holdings Plc (LON:WIZZ – Get Free Report) dropped 5.8% during mid-day trading on Thursday . The stock traded as low as GBX 1,236 ($15.78) and last traded at GBX 1,236 ($15.78). Approximately 682,411 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 352,564 shares. The stock had previously closed at GBX 1,312 ($16.75).
Analysts Set New Price Targets
A number of brokerages recently issued reports on WIZZ. JPMorgan Chase & Co. decreased their price target on Wizz Air from GBX 2,250 ($28.73) to GBX 2,150 ($27.45) and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 3,300 ($42.13) target price on shares of Wizz Air in a research note on Thursday, July 4th.
Read Our Latest Report on WIZZ
Wizz Air Trading Down 5.8 %
Insider Activity
In related news, insider Jozsef Varadi bought 10,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of GBX 1,409 ($17.99) per share, with a total value of £140,900 ($179,902.96). 25.72% of the stock is currently owned by insiders.
Wizz Air Company Profile
Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 aircraft that offered services for approximately 1000 routes from 194 airports in 51 countries.
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