Frontier Airlines files for IPO as it preps for travel rebound
- Tesla shares are moving higher today after the stock dropped nearly 6% Monday. The stock is down by a third from its record high of nearly $900 per share in January. The company's founder and CEO had $27 billion erased from his net worth as the stock sank 11.5%.
- Bitcoin has surpassed $54,000 today after the price jumped around 1.5% on Monday. Price for the stock dropped to $46,000 last week, but analysts are feeling optimistic and are anticipating some of the $1,400 stimulus checks will flow more money into the digital coin. The price dogecoin also climbed today after a rally that had the price increase by 13% Monday. The boost comes as more mainstream companies announced their support for the cryptocurrency.
- Frontier Airlines is filing for an initial public offering after withdrawing its attempt during the summer. The air carrier is prepping for a travel rebound as vaccinations ramp up. When the Denver-based airline goes public, it plans to list on NASDAQ under the ticker FRNT.