Shares of flyExclusive, Inc. (NYSE:FLYX - Get Free Report) rose 13.1% during mid-day trading on Thursday . The stock traded as high as $2.37 and last traded at $2.33. Approximately 25,217 shares were traded during trading, an increase of 44% from the average daily volume of 17,569 shares. The stock had previously closed at $2.06.
flyExclusive Stock Performance
The firm has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $3.03. The company has a market capitalization of $180.29 million, a PE ratio of -1.89 and a beta of 0.11.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FLYX. Entrust Global Partners L L C acquired a new stake in shares of flyExclusive in the first quarter valued at $43,390,000. CastleKnight Management LP raised its position in flyExclusive by 51.6% during the fourth quarter. CastleKnight Management LP now owns 287,118 shares of the company's stock valued at $904,000 after buying an additional 97,705 shares during the period. Citadel Advisors LLC acquired a new position in flyExclusive during the fourth quarter valued at $70,000. Raymond James Financial Inc. acquired a new position in flyExclusive during the fourth quarter valued at $64,000. Finally, Axxcess Wealth Management LLC purchased a new position in flyExclusive in the first quarter valued at about $47,000. Institutional investors and hedge funds own 12.99% of the company's stock.
About flyExclusive
(
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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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