flyExclusive, Inc. (NYSE:FLYX – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $7.23, but opened at $6.91. flyExclusive shares last traded at $6.29, with a volume of 7,910,381 shares trading hands.
flyExclusive Trading Down 12.4%
The firm has a market capitalization of $511.32 million, a PE ratio of -6.01 and a beta of 0.21. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.53.
Hedge Funds Weigh In On flyExclusive
A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in flyExclusive by 56,636.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after purchasing an additional 6,230 shares during the period. Citadel Advisors LLC purchased a new stake in shares of flyExclusive in the third quarter valued at about $68,000. Axxcess Wealth Management LLC boosted its stake in shares of flyExclusive by 11.0% during the third quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock worth $186,000 after buying an additional 3,750 shares during the period. New York State Common Retirement Fund purchased a new position in shares of flyExclusive during the third quarter worth about $32,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of flyExclusive during the third quarter worth about $173,000. 12.99% of the stock is currently owned by hedge funds and other institutional investors.
flyExclusive Company Profile
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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