Wheels Up Experience Inc. (NYSE:UP) CEO Sells $24,462.88 in Stock

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 9,904 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $2.47, for a total transaction of $24,462.88. Following the completion of the transaction, the chief executive officer now directly owns 705,702 shares of the company’s stock, valued at approximately $1,743,083.94. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Wheels Up Experience Trading Down 4.2 %

NYSE:UP opened at $2.50 on Friday. Wheels Up Experience Inc. has a 1 year low of $1.40 and a 1 year high of $6.08. The stock’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.32. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market cap of $1.74 billion, a P/E ratio of -5.00 and a beta of 2.24.

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently added to or reduced their stakes in the stock. Koss Olinger Consulting LLC purchased a new stake in Wheels Up Experience in the 3rd quarter worth approximately $26,000. Renaissance Technologies LLC bought a new position in shares of Wheels Up Experience in the second quarter worth $28,000. CIBC Asset Management Inc purchased a new stake in shares of Wheels Up Experience in the second quarter worth $37,000. Stifel Financial Corp purchased a new stake in shares of Wheels Up Experience in the third quarter worth $41,000. Finally, SG Americas Securities LLC bought a new stake in Wheels Up Experience during the third quarter valued at $56,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

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.