Firefly (FLY) Soars 22.8% as Analyst Issues Optimistic Rating

Group 1 - Firefly Aerospace Inc. (NASDAQ:FLY) experienced a significant stock price increase of 22.82%, closing at $24.65, following optimistic initial coverage from an analyst [1][2] - Keybanc issued a "sector weight" rating on Firefly Aerospace, expressing optimism about the company's spacecraft operations, although profitability may take time to achieve [1][2] - The company is working on establishing a consistent launch track record and is making progress with its medium-lift rocket [2] Group 2 - Firefly Aerospace announced that certain shareholders plan to sell over 11 million shares at a price of $50 each, totaling $555.6 million, with proceeds going entirely to the selling shareholders [2][3] - The sale follows Firefly's successful acquisition of SciTec Innovations, LLC, a company specializing in advanced national security technologies and missile warning systems [3]