flyExclusive (NYSE:FLYX) Shares Up 0.9% – Here’s What Happened

flyExclusive, Inc. (NYSE:FLYX) traded up 0.9% on Thursday . The company traded as high as $2.22 and last traded at $2.14. Approximately 319,807 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,693,034 shares. The stock had previously closed at $2.12.

flyExclusive Price Performance

The firm has a market capitalization of $205.51 million, a PE ratio of -2.40 and a beta of 0.18. The company has a fifty day moving average of $2.37 and a 200-day moving average of $2.80.

Institutional Investors Weigh In On flyExclusive

A number of hedge funds and other institutional investors have recently made changes to their positions in FLYX. Keel Point LLC bought a new stake in shares of flyExclusive in the 1st quarter valued at approximately $42,000. Geode Capital Management LLC raised its position in flyExclusive by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock valued at $467,000 after acquiring an additional 3,373 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in flyExclusive by 56,636.4% in the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock valued at $31,000 after acquiring an additional 6,230 shares during the last quarter. Citadel Advisors LLC acquired a new stake in flyExclusive in the third quarter valued at approximately $68,000. Finally, Axxcess Wealth Management LLC grew its position in flyExclusive by 11.0% in the third quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock worth $186,000 after acquiring an additional 3,750 shares in the last quarter. 12.99% of the stock is owned by hedge funds and other institutional investors.

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.