Wheels Up Experience (NYSE:UP) Stock Price Down 5% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s stock price dropped 5% during mid-day trading on Wednesday . The company traded as low as $1.44 and last traded at $1.44. Approximately 753,461 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 904,615 shares. The stock had previously closed at $1.51.

Wheels Up Experience Trading Down 4.3 %

The stock’s 50-day moving average is $1.82 and its 200-day moving average is $2.03. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -2.89 and a beta of 2.39.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $193.90 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insiders Place Their Bets

In other news, Director Donald Lee Moak sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 130,231 shares of the company’s stock, valued at approximately $325,577.50. This represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

Institutional investors have recently modified their holdings of the stock. Koss Olinger Consulting LLC purchased a new position in shares of Wheels Up Experience in the third quarter worth $26,000. Renaissance Technologies LLC purchased a new position in Wheels Up Experience during the 2nd quarter valued at $28,000. Stifel Financial Corp bought a new position in Wheels Up Experience in the 3rd quarter worth about $41,000. SG Americas Securities LLC purchased a new position in shares of Wheels Up Experience during the third quarter valued at $56,000. Finally, The Manufacturers Life Insurance Company boosted its position in Wheels Up Experience by 44.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after acquiring an additional 36,201 shares in the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.