Wheels Up Experience (NYSE:UP) Stock Price Down 6% – Here’s What Happened

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

Wheels Up Experience Stock Down 6.4 %

The firm has a 50-day moving average price of $2.03 and a two-hundred day moving average price of $2.24. 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 company has a market capitalization of $1.10 billion, a P/E ratio of -3.16 and a beta of 2.40.

Insider Buying and Selling

In other Wheels Up Experience news, Director Donald Lee Moak sold 20,000 shares of Wheels Up Experience 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 sale, the director now directly owns 130,231 shares in the company, valued at approximately $325,577.50. The trade was a 13.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently modified their holdings of UP. Geode Capital Management LLC raised its holdings 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 buying an additional 718,411 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Wheels Up Experience by 277.2% in 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 period. State Street Corp lifted its stake in shares of Wheels Up Experience by 41.9% in the third quarter. State Street Corp now owns 1,322,891 shares of the company’s stock worth $3,201,000 after acquiring an additional 390,414 shares during the period. Bank of New York Mellon Corp raised 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 worth $500,000 after acquiring an additional 246,742 shares in the last quarter. Finally, Barclays PLC lifted its stake in Wheels Up Experience by 320.8% in 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 during the period. Institutional investors own 98.20% of the company’s stock.

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.