Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sun Country Airlines Holdings Inc shares valued at $25,362 were sold by Neale Erin Rose on Apr 03 ’24. At $14.41 per share, Neale Erin Rose sold 1,760 shares. The insider’s holdings dropped to 35,232 shares worth approximately $0.52 million following the completion of this transaction.
Also, Bricker Jude sold 2,145 shares, netting a total of over 30,783 in proceeds. Following the sale of shares at $14.35 each, the insider now holds 124,991 shares.
Before that, DAVIS DAVID M had sold 958 shares from its account. In a trade valued at $13,775, the President & CFO traded Sun Country Airlines Holdings Inc shares for $14.38 each. Upon closing the transaction, the insider’s holdings decreased to 958 shares, worth approximately $0.65 million.
As published in a research note from Morgan Stanley on February 26, 2024, Sun Country Airlines Holdings Inc [SNCY] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $21. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early January. Earlier on September 06, 2022, Cowen initiated its rating. Their recommendation was “an Outperform” for SNCY stock.
Analyzing SNCY Stock Performance
During the last five days, there has been a surge of approximately 1.74%. Over the course of the year, Sun Country Airlines Holdings Inc shares have dropped approximately -6.93%. Shares of the company reached a 52-week high of $16.34 on 02/28/24 and a 52-week low of $11.96 on 01/17/24. A 50-day SMA is recorded $14.63, while a 200-day SMA reached $15.70. Nevertheless, trading volume fell to 0.53 million shares from 0.46 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 14.34, which, if violated, would cause prices to drop to 14.05. In the upper region, resistance lies at 15.06. The next price resistance is at 15.49. RSI (Relative Strength Index) is 51.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 30.27%, indicating low price movement. Stochastics %K at selling 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 rise in short interest on Mar 15, 2024 jumping by 0.93 million shares to 2.8 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.87 million shares. A jump of 33.21% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.53 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.53.
