Wheels Up Experience (NYSE:UP) Trading Down 5.5% – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP)’s share price traded down 5.5% on Monday . The stock traded as low as $1.70 and last traded at $1.71. 475,454 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,035,360 shares. The stock had previously closed at $1.81.

Wheels Up Experience Stock Performance

The firm’s fifty day moving average price is $2.14 and its 200 day moving average price is $2.25. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 238.01. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.44 and a beta of 2.32.

Insider Transactions at Wheels Up Experience

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 transaction of $50,000.00. Following the completion of the sale, the director now directly owns 130,231 shares of the company’s stock, valued at $325,577.50. This trade represents a 13.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake 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 worth $1,928,000 after buying an additional 585,589 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Wheels Up Experience by 1,399.2% in the second 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 in the last quarter. CIBC Asset Management Inc acquired a new stake in Wheels Up Experience in the second quarter worth $37,000. Rhumbline Advisers boosted its position in shares of Wheels Up Experience by 15,329.7% during the second quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after purchasing an additional 86,766 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at $28,000. 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.