Wheels Up Experience (NYSE:UP) Stock Price Down 5.2% – Here’s What Happened

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

Wheels Up Experience Trading Down 6.8 %

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 stock has a market cap of $1.63 billion, a PE ratio of -4.80 and a beta of 2.24. The business’s fifty day moving average is $2.19 and its 200 day moving average is $2.32.

Insider Buying and Selling

In other Wheels Up Experience news, Director Donald Lee Moak sold 20,000 shares of the 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 sale, the director now owns 130,231 shares in the company, valued at approximately $325,577.50. This represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of Wheels Up Experience

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in 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 worth $4,757,000 after buying an additional 718,411 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Wheels Up Experience by 277.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after purchasing an additional 585,589 shares during the last quarter. State Street Corp boosted 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 valued at $3,201,000 after purchasing an additional 390,414 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 buying an additional 246,742 shares during the period. Finally, Barclays PLC raised its position in shares of Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock worth $309,000 after buying an additional 97,532 shares during the period. 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.