flyExclusive (NYSE:FLYX) Stock Price Up 4% – Here’s What Happened

flyExclusive, Inc. (NYSE:FLYX)’s share price was up 4% during mid-day trading on Tuesday . The company traded as high as $5.00 and last traded at $4.94. Approximately 37,121 shares were traded during trading, an increase of 59% from the average daily volume of 23,287 shares. The stock had previously closed at $4.75.

flyExclusive Stock Performance

The firm’s fifty day moving average is $3.74 and its two-hundred day moving average is $3.15. The company has a market cap of $395.84 million, a P/E ratio of -4.49 and a beta of 0.20.

Hedge Funds Weigh In On flyExclusive

Hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC purchased a new stake in shares of flyExclusive in the 1st quarter valued at $47,000. MBL Wealth LLC acquired a new stake in shares of flyExclusive during the 2nd quarter worth approximately $37,000. Citadel Advisors LLC acquired a new position in shares of flyExclusive in the 4th quarter valued at $70,000. Finally, Entrust Global Partners L L C purchased a new stake in flyExclusive during the first quarter worth $43,390,000. Institutional investors and hedge funds own 12.99% of the company’s stock.

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.