Wheels Up Experience (NYSE:UP) Trading Up 7.1% – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP)’s stock price was up 7.1% during trading on Monday . The stock traded as high as $1.10 and last traded at $1.13. Approximately 36,637 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,008,740 shares. The stock had previously closed at $1.05.

Wheels Up Experience Price Performance

The stock has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.82. The company has a market cap of $779.15 million, a price-to-earnings ratio of -2.23 and a beta of 2.42.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The business had revenue of $204.82 million for the quarter.

Insider Buying and Selling

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the sale, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Wheels Up Experience

Several hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in shares of Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock worth $35,000 after purchasing an additional 10,740 shares during the period. Stifel Financial Corp bought a new position in shares of Wheels Up Experience during the third quarter valued at about $41,000. Wells Fargo & Company MN lifted its stake in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after acquiring an additional 14,299 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Wheels Up Experience by 110.7% during the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock valued at $80,000 after acquiring an additional 25,495 shares during the period. Finally, Intech Investment Management LLC bought a new position in Wheels Up Experience during the 3rd quarter worth approximately $88,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.