Wheels Up Experience (NYSE:UP) Reaches New 12-Month Low – Should You Sell?

Wheels Up Experience Inc. (NYSE:UP) reached a new 52-week low on Monday . The company traded as low as $1.47 and last traded at $1.47, with a volume of 5102 shares trading hands. The stock had previously closed at $1.56.

Wheels Up Experience Stock Performance

The stock has a 50 day simple moving average of $1.86 and a two-hundred day simple moving average of $2.06. The firm has a market cap of $1.05 billion, a PE ratio of -3.01 and a beta of 2.39.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%. The business had revenue of $193.90 million during the quarter.

Insider Buying and Selling

In other news, Director Donald Lee Moak sold 20,000 shares of the business’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 transaction of $50,000.00. Following the transaction, the director now directly owns 130,231 shares in the company, valued at $325,577.50. The trade was a 13.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in Wheels Up Experience in the second quarter valued at approximately $28,000. The Manufacturers Life Insurance Company lifted its holdings in Wheels Up Experience by 44.4% in the second 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 last quarter. SG Americas Securities LLC acquired a new position in Wheels Up Experience in the third quarter valued at approximately $56,000. Koss Olinger Consulting LLC acquired a new position in Wheels Up Experience in the third quarter valued at approximately $26,000. Finally, Intech Investment Management LLC purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $88,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.