Volato Group (NYSEAMERICAN:SOAR) Trading Down 8.7% - Time to Sell?

Shares of Volato Group, Inc. (NYSEAMERICAN:SOAR - Get Free Report) fell 8.7% during trading on Thursday . The stock traded as low as $2.00 and last traded at $2.00. 18,108 shares were traded during mid-day trading, a decline of 93% from the average session volume of 269,041 shares. The stock had previously closed at $2.19.

Volato Group Price Performance

The company has a 50 day moving average of $2.06 and a 200 day moving average of $4.67.

Institutional Trading of Volato Group

A hedge fund recently bought a new stake in Volato Group stock. Geode Capital Management LLC acquired a new stake in Volato Group, Inc. (NYSEAMERICAN:SOAR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 105,157 shares of the company's stock, valued at approximately $26,000. Geode Capital Management LLC owned about 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.