flyExclusive (NYSE:FLYX) Trading 6.6% Higher – Here’s Why

flyExclusive, Inc. (NYSE:FLYX)’s share price shot up 6.6% on Thursday . The company traded as high as $3.43 and last traded at $3.21. 15,265 shares changed hands during trading, a decline of 40% from the average session volume of 25,549 shares. The stock had previously closed at $3.01.

flyExclusive Stock Performance

The company’s 50 day moving average price is $3.33 and its 200-day moving average price is $2.89.

Institutional Trading of flyExclusive

A number of large investors have recently bought and sold shares of the company. CastleKnight Management LP boosted its position in flyExclusive by 51.6% during the fourth quarter. CastleKnight Management LP now owns 287,118 shares of the company’s stock worth $904,000 after purchasing an additional 97,705 shares during the period. Citadel Advisors LLC purchased a new position in flyExclusive in the 4th quarter valued at approximately $70,000. Finally, Raymond James Financial Inc. bought a new stake in flyExclusive during the 4th quarter valued at $64,000. 12.99% of the stock is owned by hedge funds and other institutional investors.

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.