flyExclusive (NYSE:FLYX) Stock Price Down 2.5% – Should You Sell?

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

flyExclusive Stock Down 2.5 %

The company has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $4.27.

flyExclusive (NYSE:FLYX) last posted its earnings results on Monday, August 12th. The company reported ($0.35) earnings per share (EPS) 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. acquired a new position in flyExclusive, Inc. (NYSE:FLYX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $55,000. PNC Financial Services Group Inc. owned 0.10% of flyExclusive as of its most recent SEC filing. 12.99% of the stock is currently owned by 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.