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

Shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) were down 36.1% on Tuesday . The company traded as low as $0.08 and last traded at $0.12. Approximately 4,988,101 shares were traded during trading, an increase of 170% from the average daily volume of 1,845,464 shares. The stock had previously closed at $0.19.

Volato Group Price Performance

Insider Buying and Selling at Volato Group

In other news, insider Nicholas James Cooper sold 459,005 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $0.26, for a total value of $119,341.30. Following the transaction, the insider now directly owns 3,353,560 shares of the company’s stock, valued at $871,925.60. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 29.16% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC purchased a new position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 105,157 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.23% of Volato Group as of its most recent filing with the SEC.

Volato Group Company Profile

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.