Keeping an Eye on Sun Country Airlines Holdings Inc. (SNCY) After Insider Trading Activity


Sun Country Airlines Holdings Inc.’s recently made public that its Director VOGEL JENNIFER L acquired Company’s shares for reported $0.2 million on Aug 29. In the deal valued at $14.83 per share,13,520 shares were bought. As a result of this transaction, VOGEL JENNIFER L now holds 28,739 shares worth roughly $ 0.43 million.

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Then, Whitney Grant sold 10,358 shares, generating $171,242 in total proceeds. Upon selling the shares at $16.53, the Chief Revenue Officer & SVP now owns 12,103 shares.

Before that, Levenhagen Eric sold 114,879 shares. Sun Country Airlines Holdings Inc. shares valued at $2,345,622 were divested by the Chief Human Resources Officer at a price of $20.42 per share. As a result of the transaction, Levenhagen Eric now holds 11,855 shares, worth roughly $0.18 million.

PT values the company’s stock at a premium of 20.58 to its Friday closing price.

Price Performance Review of SNCY

On Friday, Sun Country Airlines Holdings Inc. [NASDAQ:SNCY] saw its stock jump 1.34% to $15.09. On the same session, the stock had its day’s lowest price of $14.965, but rose to a high of $15.405. Over the last five days, the stock has gained 2.72%. Sun Country Airlines Holdings Inc. shares have fallen nearly -4.85% since the year began. Nevertheless, the stocks have fallen -24.25% over the past one year. While a 52-week high of $23.80 was reached on 07/13/23, a 52-week low of $13.25 was recorded on 08/28/23. SMA at 50 days reached $19.15, while 200 days put it at $19.09. A total of 0.63 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For SNCY Stock

The 24-hour chart illustrates a support level at 14.90, which if violated will result in even more drops to 14.71. On the upside, there is a resistance level at 15.34. A further resistance level may holdings at 15.59. The Relative Strength Index (RSI) on the 14-day chart is 34.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.52%. Stochastics %K at 41.99% indicates the stock is a holding.

How much short interest is there in Sun Country Airlines Holdings Inc.?

A steep rise in short interest was recorded in Sun Country Airlines Holdings Inc. stocks on Aug 14, 2023, growing by 0.53 million shares to a total of 2.17 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.64 million shares. There was a rise of 24.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.36.

Sun Country Airlines Holdings Inc. [SNCY] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,249,591 shares, or roughly 9.33% of the outstanding SNCY shares. In other words, the investor’s shares have risen by 580,534 from its previous 13-F filing of 4669057.0. Additionally, The Vanguard Group, Inc. increased 4.35% of its stake after which the total value it holdings stand at $86,067,542, while Capital Research & Management Co added 0.04% of its stake to hold $70.73 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 247,780 shares of Sun Country Airlines Holdings Inc., while US Global Investors, Inc. bought 2,641,887 shares. At present, T. Rowe Price Japan, Inc. is holding 2,171,286 shares valued at $46.81 million. Jennison Associates LLC owned 1,894,717 shares of the company at the time of its most recent 13F filing, worth $40.85 million.

According to FactSet, Sun Country Airlines Holdings Inc.’s share price will average $23.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 67.9 percent from its previous closing price of $14.89. Analysts expect Sun Country Airlines Holdings Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $17.00. However, 8 analysts have rated SNCY stock as an Overweight in their predictions for 2023.


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