Wheels Up Experience (NYSE:UP) Sets New 1-Year Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $1.47 and last traded at $1.47, with a volume of 5102 shares. The stock had previously closed at $1.56.

Wheels Up Experience Trading Up 0.3 %

The stock’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $2.03. The stock has a market capitalization of $1.05 billion, a P/E ratio of -3.01 and a beta of 2.39.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $193.90 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Transactions at Wheels Up Experience

In other Wheels Up Experience news, Director Donald Lee Moak sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 130,231 shares of the company’s stock, valued at $325,577.50. The trade was a 13.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of Wheels Up Experience

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Wheels Up Experience by 110.7% in the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock worth $80,000 after purchasing an additional 25,495 shares during the period. Barclays PLC boosted its holdings in shares of Wheels Up Experience by 320.8% during the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after buying an additional 97,532 shares in the last quarter. Geode Capital Management LLC grew its holdings in Wheels Up Experience by 57.6% in the third quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock worth $4,757,000 after purchasing an additional 718,411 shares during the period. State Street Corp increased its position in Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock valued at $3,201,000 after buying an additional 390,414 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Wheels Up Experience during the third quarter valued at $41,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.