Starfighters Space (NYSEAMERICAN:FJET) Trading Up 5.1% – Time to Buy?

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

Starfighters Space Price Performance

The company has a 50 day simple moving average of $7.42.

Insider Buying and Selling

In other Starfighters Space news, CFO David Kirk Whitney sold 37,500 shares of Starfighters Space stock in a transaction dated Monday, January 5th. The shares were 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 is accessible through this link.

Institutional Investors Weigh In On Starfighters Space

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

Starfighters Space Company Profile

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.