Zinger Key Points
- Sun Country Airlines' stock fell 8% Tuesday morning due to a secondary offering.
- The offering is for 4 million shares by an Apollo Global Management affiliate.
- Find out which stock just plummeted to the bottom of the new Benzinga Rankings. Updated daily—spot the biggest red flags before it’s too late.
Sun Country Airlines Holdings Inc SNCY shares are trading lower by 8% to $15.56 Tuesday morning after the company announced a secondary offering of 4 million shares of its common stock by an affiliate of investment funds managed by Apollo Global Management.
Sun Country won't gain proceeds from this sale. Additionally, Sun Country plans to buy about $5 million worth of shares at the offering price through a Concurrent Share Repurchase, funded by their existing cash.
Barclays and Morgan Stanley are the joint bookrunners and underwriters for the offering, which may involve different sale methods and pricing on the Nasdaq Global Select Market.
See Also: November Inflation Report
According to data from Benzinga Pro, SNCY has a 52-week high of $23.80 and a 52-week low of $12.39.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
