flyExclusive (NYSE:FLYX) Stock Price Up 6.6% – What’s Next?

flyExclusive, Inc. (NYSE:FLYX)’s stock price rose 6.6% during trading on Thursday . The stock traded as high as $3.43 and last traded at $3.21. Approximately 15,265 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 25,549 shares. The stock had previously closed at $3.01.

flyExclusive Price Performance

The firm’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $2.89.

Hedge Funds Weigh In On flyExclusive

A number of institutional investors have recently added to or reduced their stakes in FLYX. Citadel Advisors LLC purchased a new position in flyExclusive in the 4th quarter worth approximately $70,000. Raymond James Financial Inc. bought a new stake in shares of flyExclusive during the 4th quarter worth $64,000. Finally, CastleKnight Management LP increased its stake in flyExclusive by 51.6% in the fourth quarter. CastleKnight Management LP now owns 287,118 shares of the company’s stock valued at $904,000 after acquiring an additional 97,705 shares during the last quarter. 12.99% of the stock is currently owned by institutional investors.

flyExclusive Company Profile

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.