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TD Cowen gives a Buy recommendation for Sun Country Airlines Holdings Inc (SNCY)

In a filing, Sun Country Airlines Holdings Inc revealed its Chief Revenue Officer & SVP Whitney Grant unloaded Company’s shares for reported $62856.0 on Jun 05 ’24. In the deal valued at $10.68 per share,5,888 shares were sold. As a result of this transaction, Whitney Grant now holds 26,355 shares worth roughly $0.33 million.

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Then, Neale Erin Rose sold 1,760 shares, generating $25,362 in total proceeds. Upon selling the shares at $14.41, the SVP, GC, and Secretary now owns 35,232 shares.

Before that, Bricker Jude sold 2,145 shares. Sun Country Airlines Holdings Inc shares valued at $30,783 were divested by the Chief Executive Officer at a price of $14.35 per share. As a result of the transaction, Bricker Jude now holds 124,991 shares, worth roughly $1.55 million.

TD Cowen reiterated its Sun Country Airlines Holdings Inc [SNCY] rating to a Buy in a research note published on May 08, 2024; the price target was $17. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late February from “an Equal-weight” to “an Overweight”. Susquehanna also remained covering SNCY and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Positive” rating.

Price Performance Review of SNCY

On Monday, Sun Country Airlines Holdings Inc [NASDAQ:SNCY] saw its stock fall -1.04% to $12.43. Over the last five days, the stock has gained 4.10%. Sun Country Airlines Holdings Inc shares have fallen nearly -20.98% since the year began. Nevertheless, the stocks have fallen -43.11% over the past one year. While a 52-week high of $23.80 was reached on 02/28/24, a 52-week low of $9.22 was recorded on 05/29/24. SMA at 50 days reached $11.70, while 200 days put it at $13.85. A total of 0.51 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For SNCY Stock

The 24-hour chart illustrates a support level at 12.33, which if violated will result in even more drops to 12.22. On the upside, there is a resistance level at 12.53. A further resistance level may holdings at 12.63. The Relative Strength Index (RSI) on the 14-day chart is 63.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.59%. Stochastics%K at 94.87% indicates the stock is a selling.

The most recent change occurred on September 06, 2022 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $25 price target.

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