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

Wheels Up Experience Inc. (NYSE:UP)’s share price 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 traded. The stock had previously closed at $1.56.

Wheels Up Experience Stock Down 3.5 %

The business has a 50-day moving average price of $1.86 and a two-hundred day moving average price 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 posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $193.90 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Activity 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 value of $50,000.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently bought and sold shares of UP. Koss Olinger Consulting LLC acquired a new stake in shares of Wheels Up Experience during the third quarter worth about $26,000. Renaissance Technologies LLC acquired a new stake in shares of Wheels Up Experience during the second quarter worth about $28,000. Stifel Financial Corp acquired a new stake in shares of Wheels Up Experience during the third quarter worth about $41,000. SG Americas Securities LLC acquired a new stake in shares of Wheels Up Experience during the third quarter worth about $56,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Wheels Up Experience by 44.4% during the second quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock worth $223,000 after purchasing an additional 36,201 shares in the last quarter. Institutional investors and hedge funds 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.