Starfighters Space (NYSEAMERICAN:FJET) Trading 5.9% Higher – Should You Buy?

Starfighters Space, Inc. (NYSEAMERICAN:FJET) shares traded up 5.9% during mid-day trading on Wednesday . The stock traded as high as $6.69 and last traded at $6.69. 1,009,920 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 1,899,786 shares. The stock had previously closed at $6.32.

Starfighters Space Trading Up 16.6%

The stock has a 50-day moving average of $8.67.

Insider Buying and Selling at Starfighters Space

In related news, CFO David Kirk Whitney sold 37,500 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $9.97, for a total value of $373,875.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Starfighters Space

A number of large investors have recently modified their holdings of FJET. Goldman Sachs Group Inc. acquired a new stake in Starfighters Space during the 4th quarter worth approximately $1,322,000. Cerity Partners LLC acquired a new stake in shares of Starfighters Space in the fourth quarter worth $718,000. Jane Street Group LLC purchased a new position in shares of Starfighters Space in the 4th quarter valued at $151,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Starfighters Space in the 4th quarter valued at $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.