Starfighters Space (NYSEAMERICAN:FJET) Trading Up 5.1% – What’s Next?

Shares of Starfighters Space, Inc. (NYSEAMERICAN:FJET) were up 5.1% during trading on Wednesday . The company traded as high as $7.07 and last traded at $6.98. Approximately 667,815 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,119,972 shares. The stock had previously closed at $6.64.

Starfighters Space Price Performance

The company has a 50-day moving average of $7.60.

Insider Buying and Selling

In related news, CFO David Kirk Whitney sold 37,500 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $9.97, for a total transaction of $373,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Starfighters Space

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

About Starfighters Space

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.