Wheels Up Experience (NYSE:UP) Stock Price Down 5% – Should You Sell?

Shares of Wheels Up Experience Inc. (NYSE:UP) dropped 5% on Wednesday . The stock traded as low as $1.44 and last traded at $1.44. Approximately 753,461 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 904,615 shares. The stock had previously closed at $1.51.

Wheels Up Experience Price Performance

The firm has a market cap of $1.04 billion, a PE ratio of -2.98 and a beta of 2.39. The company has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $2.01.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) 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 Activity

In related news, Director Donald Lee Moak sold 20,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the sale, the director now owns 130,231 shares of the company’s stock, valued at $325,577.50. This trade represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors have recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the third quarter valued at $26,000. Renaissance Technologies LLC bought a new stake in Wheels Up Experience during the second quarter valued at about $28,000. Stifel Financial Corp purchased a new stake in Wheels Up Experience in the third quarter worth about $41,000. SG Americas Securities LLC purchased a new stake in Wheels Up Experience in the third quarter worth about $56,000. Finally, Intech Investment Management LLC purchased a new stake in Wheels Up Experience in the third quarter worth about $88,000. 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.