Wheels Up Experience (NYSE:UP) Reaches New 12-Month Low – Should You Sell?

Wheels Up Experience Inc. (NYSE:UP)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $1.12 and last traded at $1.13, with a volume of 36790 shares. The stock had previously closed at $1.17.

Wheels Up Experience Trading Down 2.1 %

The firm’s 50-day simple moving average is $1.54 and its two-hundred day simple moving average is $1.90. The stock has a market capitalization of $799.10 million, a PE ratio of -2.29 and a beta of 2.39.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company’s stock worth $3,266,000 after acquiring an additional 13,372 shares during the last quarter. State Street Corp raised its stake in shares of Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock worth $3,201,000 after purchasing an additional 390,414 shares in the last quarter. Northern Trust Corp raised its stake in shares of Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company’s stock worth $1,387,000 after purchasing an additional 81,293 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Wheels Up Experience by 277.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after buying an additional 585,589 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Wheels Up Experience in the 4th quarter valued at approximately $1,264,000. 98.20% of the stock is owned by institutional investors and hedge funds.

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.