Wheels Up Experience (NYSE:UP) Trading Down 6% – Here’s Why

Wheels Up Experience Inc. (NYSE:UP) shares dropped 6% during mid-day trading on Monday . The stock traded as low as $1.70 and last traded at $1.71. Approximately 284,018 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 733,918 shares. The stock had previously closed at $1.82.

Wheels Up Experience Trading Down 6.4 %

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 $1.10 billion, a price-to-earnings ratio of -3.16 and a beta of 2.40. The company’s fifty day moving average is $2.03 and its two-hundred day moving average is $2.24.

Insider Transactions at Wheels Up Experience

In other Wheels Up Experience news, Director Donald Lee Moak sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the completion of the transaction, 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 the SEC website. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Wheels Up Experience by 57.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock worth $4,757,000 after purchasing an additional 718,411 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Wheels Up Experience by 277.2% during the third 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 position 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 period. Bank of New York Mellon Corp lifted its position 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 acquiring an additional 246,742 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Wheels Up Experience by 320.8% during the third quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after buying an additional 97,532 shares in the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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.