Starfighters Space (NYSEAMERICAN:FJET) Trading 5.9% Higher – Here’s Why

Shares of Starfighters Space, Inc. (NYSEAMERICAN:FJETGet Free Report) rose 5.9% during mid-day trading on Wednesday . The company traded as high as $6.69 and last traded at $6.69. Approximately 1,009,920 shares were traded during trading, a decline of 47% from the average daily volume of 1,899,786 shares. The stock had previously closed at $6.32.

Starfighters Space Price Performance

The business has a 50 day moving average price of $8.86.

Insider Buying and Selling

In other Starfighters Space news, CFO David Kirk Whitney sold 37,500 shares of Starfighters Space stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $9.97, for a total transaction of $373,875.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Starfighters Space

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Starfighters Space during the fourth quarter worth $1,322,000. Cerity Partners LLC acquired a new stake in Starfighters Space during the 4th quarter valued at $718,000. Jane Street Group LLC acquired a new stake in Starfighters Space during the 4th quarter valued at $151,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Starfighters Space during the 4th quarter worth $116,000.

Starfighters Space Company Profile

(Get Free Report)

The Company’s mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world’s only commercial fleet of flight-ready F-104 supersonic aircraft (“Lockheed F-104”). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.

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