Starfighters Space (NYSEAMERICAN:FJET) Trading Up 5.1% - What's Next?

Key Points

• Shares rose 5.1% to $6.98 (intraday high $7.07) on Wednesday, but trading volume was about 667,815 shares (down ~40% vs. average) and the stock remains below its 50‑day moving average of $7.60.
• CFO David Kirk Whitney sold 37,500 shares on Jan. 5 at an average price of $9.97, while institutional investors including Goldman Sachs, Cerity Partners, Jane Street and Elevation Point initiated new positions in Q4 (Goldman’s stake ~ $1.322M).
• Starfighters operates the world's only commercial fleet of flight‑ready Lockheed F‑104 supersonic aircraft and says its mission is to make space accessible to entrepreneurs, researchers, industry and government.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - )'s stock price rose 5.1% on Wednesday . The company traded as high as $7.07 and last traded at $6.98. Approximately 667,815 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 1,119,972 shares. The stock had previously closed at $6.64.

Starfighters Space Price Performance

The firm's 50 day moving average price is $7.60.

Insider Buying and Selling

In related news, CFO David Kirk Whitney sold 37,500 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $9.97, for a total value of $373,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Starfighters Space

A number of institutional investors have recently made changes to their positions in FJET. Goldman Sachs Group Inc. purchased a new position in shares of Starfighters Space during the 4th quarter valued at approximately $1,322,000. Cerity Partners LLC bought a new stake in shares of Starfighters Space in the fourth quarter worth $718,000. Jane Street Group LLC acquired a new stake in Starfighters Space in the fourth quarter valued at $151,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Starfighters Space in the fourth quarter valued at $116,000.

Starfighters Space Company Profile

The Company's mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world's only commercial fleet of flight-ready F-104 supersonic aircraft ("Lockheed F-104"). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.

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