Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sun Country Airlines Holdings Inc. shares valued at $20,881 were sold by Gyurci John on Sep 06. At $20.18 per share, Gyurci John sold 1,035 shares. The insider’s holdings dropped to 3,402 shares worth approximately $53513.46 following the completion of this transaction.
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Also, Davis Brian Edward sold 916 shares, netting a total of over 22,295 in proceeds. Following the sale of shares at $24.34 each, the insider now holds 1,337 shares.
Before that, Davis Brian Edward had sold 84 shares from its account. In a trade valued at $2,020, the Chief Marketing Officer & SVP traded Sun Country Airlines Holdings Inc. shares for $24.05 each. Upon closing the transaction, the insider’s holdings decreased to 84 shares, worth approximately $21031.010000000002.
As published in their initiating research note from Cowen on September 06, 2022, Sun Country Airlines Holdings Inc. [SNCY] has been an Outperform and the price target has been revised to $25. This represents a 37.08% premium over Wednesday’s closing price. As of December 22, 2021, Evercore ISI has initiated its “an Outperform” rating for SNCY. Earlier on July 13, 2021, Susquehanna initiated its rating. Their recommendation was “a Positive” for SNCY stock.
Analyzing SNCY’s Price Performance
On Wednesday, Sun Country Airlines Holdings Inc. [NASDAQ: SNCY] plunged -3.50% to $15.73. The stock’s lowest price that day was $15.37, but it reached a high of $16.37 in the same session. During the last five days, there has been a drop of approximately -15.97%. Over the course of the year, Sun Country Airlines Holdings Inc. shares have dropped approximately -42.28%. Shares of the company reached a 52-week high of $30.61 on 02/15/22 and a 52-week low of $15.37 on 09/21/22. A 50-day SMA is recorded $19.34, while a 200-day SMA reached $23.36. Nevertheless, trading volume fell to 1.04 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Sun Country Airlines Holdings Inc. (SNCY)
According to the 24-hour chart, there is a support level at 15.28, which, if violated, would cause prices to drop to 14.82. In the upper region, resistance lies at 16.28. The next price resistance is at 16.82. RSI (Relative Strength Index) is 29.40 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.31, which suggests the price will decrease in the coming days. Percent R is at 93.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Sun Country Airlines Holdings Inc. subject to short interest?
Stocks of Sun Country Airlines Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.43 million shares to 2.35 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.78 million shares. A decline of -60.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.56 of the overall float, the days-to-cover ratio (short ratio) decline to 2.56.
Which companies own the most shares of Sun Country Airlines Holdings Inc. (SNCY)?
According to T. Rowe Price Associates, Inc. filings, the company currently owns 3,625,598 shares, which is about 6.24% of the total SNCY shares outstanding. The investor’s shares have appreciated by 1,242,146 from its previous 13-F filing of 2383452.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $64,328,034. The Vanguard Group, Inc. acquire a 2.09% interest valued at $56.44 million while Thrivent Asset Management LLC purchased a 72,602 stake. A total of 0 shares of Sun Country Airlines Holdings Inc. were bought by PAR Capital Management, Inc. during the quarter, and 56,368 were bought by BlackRock Fund Advisors. In its current portfolio, Millennium Management LLC holds 1,730,197 shares valued at $34.47 million.
In terms of Sun Country Airlines Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $26.17 in the next 12 months, up nearly 59.51% from the previous closing price of $16.30. Analysts anticipate Sun Country Airlines Holdings Inc. stock to reach $29.00 by 2022, with the lowest price target being $23.00. In spite of this, 7 analysts ranked Sun Country Airlines Holdings Inc. stock as an Overweight at the end of 2022. On April 12, 2021, Wolfe Research assigned a price target of “an Outperform” to the stock and initiated coverage with a $49.