flyExclusive (NYSE:FLYX) Stock Price Up 6% – Here’s Why

flyExclusive, Inc. (NYSE:FLYX)’s share price was up 6% on Tuesday . The company traded as high as $3.56 and last traded at $3.37. Approximately 7,140 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 23,486 shares. The stock had previously closed at $3.18.

flyExclusive Stock Performance

The company has a 50 day moving average of $4.23 and a two-hundred day moving average of $3.32. The stock has a market capitalization of $270.04 million, a PE ratio of -3.06 and a beta of 0.22.

Hedge Funds Weigh In On flyExclusive

Hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its position in shares of flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock valued at $186,000 after purchasing an additional 3,750 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of flyExclusive by 56,636.4% in the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after buying an additional 6,230 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of flyExclusive during the third quarter worth $32,000. MBL Wealth LLC grew its holdings in shares of flyExclusive by 46.9% during the third quarter. MBL Wealth LLC now owns 28,200 shares of the company’s stock valued at $139,000 after buying an additional 9,000 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in shares of flyExclusive in the 3rd quarter valued at $173,000. 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.