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flyExclusive (NYSE:FLYX) Stock Price Down 2.9% - Here's Why

flyExclusive logo with Transportation background

flyExclusive, Inc. (NYSE:FLYX - Get Free Report) traded down 2.9% during mid-day trading on Monday . The company traded as low as $2.86 and last traded at $2.89. 3,690 shares were traded during mid-day trading, a decline of 83% from the average session volume of 22,248 shares. The stock had previously closed at $2.97.

flyExclusive Stock Down 2.9 %

The business's 50-day moving average price is $3.10 and its 200-day moving average price is $2.88.

Hedge Funds Weigh In On flyExclusive

Several institutional investors and hedge funds have recently modified their holdings of the stock. CastleKnight Management LP increased its position in flyExclusive by 51.6% in the 4th quarter. CastleKnight Management LP now owns 287,118 shares of the company's stock worth $904,000 after purchasing an additional 97,705 shares during the last quarter. Citadel Advisors LLC bought a new stake in flyExclusive in the fourth quarter worth $70,000. Raymond James Financial Inc. acquired a new stake in shares of flyExclusive in the fourth quarter worth about $64,000. Finally, Axxcess Wealth Management LLC acquired a new stake in flyExclusive in the 1st quarter worth approximately $47,000. 12.99% of the stock is currently owned by hedge funds and other institutional investors.

About flyExclusive

(Get Free Report)

flyExclusive, Inc, through its subsidiary, LGM Enterprises, LLC., owns and operates private jets in North America. It also offers jet charter services; and aircraft maintenance, repair, overhaul (MRO) operations, and interior and exterior refurbishment services, as well as wholesale and retail ad hoc flights, a jet club program, partnership program, fractional program, and other services.

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