Wheels Up Experience (NYSE:UP) Hits New 52-Week Low – Time to Sell?

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 $1.36 and last traded at $1.32, with a volume of 87439 shares changing hands. The stock had previously closed at $1.42.

Wheels Up Experience Stock Performance

The stock has a fifty day moving average of $1.59 and a 200-day moving average of $1.92. The company has a market cap of $889.83 million, a PE ratio of -2.55 and a beta of 2.39.

Institutional Trading of Wheels Up Experience

Large investors have recently made changes to their positions in the stock. State Street Corp boosted its position in Wheels Up Experience by 41.9% in 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 during the period. Geode Capital Management LLC raised its stake in shares of Wheels Up Experience by 57.6% during the third quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock valued at $4,757,000 after acquiring an additional 718,411 shares in the last quarter. 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 valued at $1,928,000 after acquiring an additional 585,589 shares in the last quarter. Barclays PLC boosted its holdings in shares of Wheels Up Experience by 320.8% in the third 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. Finally, Stifel Financial Corp bought a new position in Wheels Up Experience in the third quarter worth approximately $41,000. 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.