Wheels Up Experience (NYSE:UP) Trading Down 6% – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP) was down 6% during mid-day trading on Monday . The stock traded as low as $1.70 and last traded at $1.71. 284,018 shares changed 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 Performance

The company has a debt-to-equity ratio of 238.01, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market capitalization of $1.19 billion, a PE ratio of -3.42 and a beta of 2.40. The company has a 50 day moving average of $2.05 and a two-hundred day moving average of $2.24.

Insiders Place Their Bets

In other news, Director Donald Lee Moak sold 20,000 shares of Wheels Up Experience stock in a transaction dated Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $325,577.50. The trade was a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of Wheels Up Experience

Hedge funds have recently bought and sold shares of the stock. Koss Olinger Consulting LLC purchased a new stake in shares of Wheels Up Experience during the third quarter valued at $26,000. Renaissance Technologies LLC purchased a new position in shares of Wheels Up Experience in the second quarter worth about $28,000. Stifel Financial Corp purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $41,000. CIBC Asset Management Inc acquired a new position in Wheels Up Experience in the 2nd quarter worth approximately $37,000. Finally, SG Americas Securities LLC purchased a new position in Wheels Up Experience during the 3rd quarter worth approximately $56,000. Hedge funds and other 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.