Volato Group (NYSEAMERICAN:SOAR) Stock Price Down 5.8% – What’s Next?

Volato Group, Inc. (NYSEAMERICAN:SOAR)’s share price traded down 5.8% during trading on Wednesday . The company traded as low as $1.45 and last traded at $1.46. 194,363 shares were traded during mid-day trading, a decline of 70% from the average session volume of 645,067 shares. The stock had previously closed at $1.55.

Volato Group Trading Down 5.8%

The company’s fifty day moving average price is $2.11 and its 200-day moving average price is $3.98.

Institutional Investors Weigh In On Volato Group

An institutional investor recently bought a new position in Volato Group stock. Geode Capital Management LLC bought a new stake in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

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.