Wheels Up Experience (NYSE:UP) Hits New 1-Year Low – Here’s Why

Wheels Up Experience Inc. (NYSE:UP)’s share price reached a new 52-week low on Wednesday . The company traded as low as $1.55 and last traded at $1.58, with a volume of 883674 shares. The stock had previously closed at $1.69.

Wheels Up Experience Price Performance

The firm has a market cap of $1.12 billion, a P/E ratio of -3.22 and a beta of 2.40. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 238.01. The firm has a 50-day simple moving average of $2.00 and a 200-day simple moving average of $2.23.

Insiders Place Their Bets

In related news, Director Donald Lee Moak sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $2.50, for a total transaction of $50,000.00. Following the transaction, the director now directly owns 130,231 shares of the company’s stock, valued at $325,577.50. This represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Wheels Up Experience

Institutional investors have recently bought and sold shares of the stock. Koss Olinger Consulting LLC purchased a new position in shares of Wheels Up Experience in the third quarter worth about $26,000. Renaissance Technologies LLC purchased a new position in Wheels Up Experience during the 2nd quarter worth approximately $28,000. Stifel Financial Corp acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $56,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $88,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.