flyExclusive (NYSE:FLYX) Trading 7.6% Higher – Here’s What Happened

flyExclusive, Inc. (NYSE:FLYX)’s stock price was up 7.6% during mid-day trading on Wednesday . The company traded as high as $3.30 and last traded at $3.27. Approximately 10,325 shares changed hands during trading, a decline of 55% from the average daily volume of 23,007 shares. The stock had previously closed at $3.04.

flyExclusive Price Performance

The business’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $3.36. The company has a market capitalization of $263.85 million, a price-to-earnings ratio of -3.17 and a beta of 0.23.

Institutional Trading of flyExclusive

Large investors have recently modified their holdings of the stock. Entrust Global Partners L L C bought a new position in shares of flyExclusive in the 1st quarter valued at $43,390,000. Kera Capital Partners Inc. bought a new position in shares of flyExclusive during the 3rd quarter worth about $173,000. MBL Wealth LLC acquired a new stake in shares of flyExclusive in the 2nd quarter valued at about $37,000. Axxcess Wealth Management LLC increased its position in flyExclusive by 126.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 34,000 shares of the company’s stock valued at $66,000 after buying an additional 18,960 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of flyExclusive in the 3rd quarter worth $68,000. 12.99% of the stock is owned by institutional investors and hedge funds.

About flyExclusive

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.