# Fly-E Group Shares Close 70.87% Higher After Intraday Spike

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28285
Published: 2026-10-08T16:12:13.000Z
Updated: 2026-10-08T16:12:13.000Z
Section: Investing

> The stock reached $2.80 at 10:01 a.m. ET (14:01 UTC), up 120.47% from the previous close, before finishing at $2.17.

Fly-E Group Inc. (Nasdaq: FLYE) shares closed 70.87% higher at $2.17 on Oct. 8 after reaching $3.47 during the session and briefly trading 120.47% above the previous close.

The stock opened at $3.18 and moved between a full-session low of $2.04 and a high of $3.47. Trading volume reached 111,099,531 shares, compared with a closing price of $1.27 on Oct. 7.

At 10:01 a.m. ET (14:01 UTC), Fly-E Group traded at $2.80, up 120.47% from the previous close. The stock had traded between $2.36 and $3.45 at that measurement time, with 421,583 shares changing hands.

Fly-E Group operated four U.S. retail stores as of July 23, 2026, and sells electric bikes, motorcycles, scooters and related accessories under the Fly E-Bike brand. The company assembled 400 electric motorcycles, 961 electric bikes and 207 electric scooters during the quarter ended June 30, 2026.

Revenue fell 48.4% year over year to $2.75 million for the quarter. Gross profit declined to $299,864 from $2.26 million a year earlier.

The company reported $60,281 in cash and $8.60 million in net accounts receivable as of June 30, 2026. It also disclosed approximately $3.91 million in outstanding principal on a secured credit facility.

Fly-E Group received a Nasdaq deficiency notice related to the late filing of its quarterly report. The company said the notice had no immediate effect on the listing or trading of its common stock.

Fly-E Group said it was notified on Jan. 21, 2026, that the Securities and Exchange Commission had opened an investigation. The company said it had not received substantive details and was fully cooperating with the investigation.