Wheels Up Experience (NYSE:UP) Shares Down 5.2% – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP)’s stock price fell 5.2% during trading on Monday . The stock traded as low as $2.35 and last traded at $2.37. 562,522 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,022,339 shares. The stock had previously closed at $2.50.

Wheels Up Experience Stock Performance

The stock has a 50 day simple moving average of $2.19 and a 200 day simple moving average of $2.32. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -4.80 and a beta of 2.24.

Insider Buying and Selling 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 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 transaction, the director now owns 130,231 shares in the company, valued at $325,577.50. The trade was a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Wheels Up Experience

A number of hedge funds and other institutional investors have recently modified their holdings of UP. Geode Capital Management LLC boosted 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 valued at $4,757,000 after purchasing an additional 718,411 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after acquiring an additional 585,589 shares during the period. State Street Corp increased its holdings in shares of Wheels Up Experience by 41.9% in the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock worth $3,201,000 after acquiring an additional 390,414 shares during the period. Bank of New York Mellon Corp boosted its stake in Wheels Up Experience by 1,399.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after purchasing an additional 246,742 shares during the period. Finally, Barclays PLC boosted its stake in 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 purchasing an additional 97,532 shares during the period. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.