Shares of flyExclusive, Inc. (NYSE:FLYX – Get Free Report) dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $3.38 and last traded at $4.07. Approximately 30,464 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 22,475 shares. The stock had previously closed at $4.09.
flyExclusive Price Performance
The firm has a market cap of $328.40 million, a price-to-earnings ratio of -3.95 and a beta of 0.23. The business has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.45.
Institutional Investors Weigh In On flyExclusive
A number of hedge funds have recently modified their holdings of FLYX. Entrust Global Partners L L C purchased a new stake in flyExclusive during the 1st quarter valued at about $43,390,000. Kera Capital Partners Inc. acquired a new position in shares of flyExclusive during the 3rd quarter worth approximately $173,000. MBL Wealth LLC acquired a new position in shares of flyExclusive during the 2nd quarter worth approximately $37,000. Axxcess Wealth Management LLC grew its position in shares of flyExclusive by 126.1% in the second quarter. Axxcess Wealth Management LLC now owns 34,000 shares of the company’s stock valued at $66,000 after purchasing an additional 18,960 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of flyExclusive in the third quarter valued at approximately $68,000. 12.99% of the stock is currently owned by institutional investors and hedge funds.
About flyExclusive
flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.
The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.
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