Volato Group (NYSEAMERICAN:SOAR) Trading Down 36.1% – What’s Next?

Volato Group, Inc. (NYSEAMERICAN:SOAR)’s share price fell 36.1% during trading on Tuesday . The stock traded as low as $0.08 and last traded at $0.12. 4,988,101 shares were traded during mid-day trading, an increase of 170% from the average session volume of 1,845,464 shares. The stock had previously closed at $0.19.

Volato Group Stock Performance

Insider Transactions at Volato Group

In other news, insider Nicholas James Cooper sold 459,005 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $0.26, for a total value of $119,341.30. Following the completion of the transaction, the insider now directly owns 3,353,560 shares of the company’s stock, valued at $871,925.60. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 29.16% of the company’s stock.

Hedge Funds Weigh In On Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC bought a new stake in Volato Group, Inc. (NYSEAMERICAN:SOAR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.23% of Volato Group as of its most recent SEC filing.

About Volato Group

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.