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flyExclusive (NYSE:FLYX) Trading Down 2.5% - What's Next?

flyExclusive logo with Transportation background

flyExclusive, Inc. (NYSE:FLYX - Get Free Report) shares dropped 2.5% on Thursday . The company traded as low as $2.39 and last traded at $2.49. Approximately 3,699 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 33,659 shares. The stock had previously closed at $2.55.

flyExclusive Price Performance

The stock's 50-day simple moving average is $3.51 and its two-hundred day simple moving average is $4.26.

flyExclusive (NYSE:FLYX - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.35) earnings per share for the quarter. The business had revenue of $79.97 million for the quarter.

Hedge Funds Weigh In On flyExclusive

An institutional investor recently bought a new position in flyExclusive stock. PNC Financial Services Group Inc. bought a new position in flyExclusive, Inc. (NYSE:FLYX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company's stock, valued at approximately $55,000. PNC Financial Services Group Inc. owned approximately 0.10% of flyExclusive as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.99% of the company's stock.

flyExclusive Company Profile

(Get Free Report)

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.

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