Sunlight Financial (NYSE:SUNL) Sees Large Volume Increase

Sunlight Financial Holdings Inc (NYSE:SUNL) saw strong trading volume on Wednesday . 91,247 shares were traded during mid-day trading, a decline of 88% from the previous session’s volume of 783,852 shares.The stock last traded at $5.71 and had previously closed at $5.45.

SUNL has been the subject of a number of research analyst reports. Zacks Investment Research cut Sunlight Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 21st. Cowen initiated coverage on shares of Sunlight Financial in a research note on Thursday, July 22nd. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Citigroup reduced their price objective on Sunlight Financial from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 18th.

The stock has a fifty day moving average price of $6.92.

About Sunlight Financial (NYSE:SUNL)

Sunlight Financial Holdings Inc is a premier, technology-enabled point-of-sale finance company. Sunlight Financial Holdings Inc, formerly known as Spartan Acquisition Corp. II, is based in NEW YORK.

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