Wheels Up Experience (NYSE:UP) Hits New 52-Week Low – Here’s Why

Shares of Wheels Up Experience Inc. (NYSE:UP) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.41 and last traded at $1.43, with a volume of 424092 shares trading hands. The stock had previously closed at $1.51.

Wheels Up Experience Stock Down 5.6 %

The company has a market cap of $994.51 million, a P/E ratio of -2.85 and a beta of 2.39. The business’s 50 day moving average is $1.74 and its 200 day moving average is $1.99.

Insider Activity at Wheels Up Experience

In other news, Director Donald Lee Moak sold 20,000 shares of the stock in a transaction 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 completion of the sale, 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 document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently modified their holdings of the stock. Koss Olinger Consulting LLC acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $26,000. Renaissance Technologies LLC purchased a new position in shares of Wheels Up Experience during the second quarter worth $28,000. Stifel Financial Corp acquired a new position in Wheels Up Experience during the third quarter valued at $41,000. SG Americas Securities LLC purchased a new stake in Wheels Up Experience in the third quarter valued at $56,000. Finally, Intech Investment Management LLC acquired a new stake in Wheels Up Experience during the 3rd quarter worth about $88,000. Institutional investors and hedge funds 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.