Wheels Up Experience (NYSE:UP) Hits New 12-Month Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price reached a new 52-week low on Wednesday . The company traded as low as $1.55 and last traded at $1.58, with a volume of 883674 shares. The stock had previously closed at $1.69.

Wheels Up Experience Stock Performance

The firm’s 50 day moving average is $2.03 and its 200 day moving average is $2.24. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market cap of $1.10 billion, a P/E ratio of -3.16 and a beta of 2.40.

Insider Buying and Selling at Wheels Up Experience

In related news, Director Donald Lee Moak sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. Following the sale, the director now owns 130,231 shares in the company, valued at $325,577.50. This represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in shares of Wheels Up Experience by 1,399.2% in the 2nd 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 purchased a new stake in shares of Wheels Up Experience in the second quarter valued at approximately $37,000. Rhumbline Advisers raised its stake in shares of Wheels Up Experience by 15,329.7% during the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after buying an additional 86,766 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Wheels Up Experience during the 2nd quarter valued at approximately $28,000. Finally, The Manufacturers Life Insurance Company grew its stake in Wheels Up Experience by 44.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after acquiring an additional 36,201 shares during the period. 98.20% of the stock is owned by institutional investors and hedge funds.

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.