Wheels Up Experience (NYSE:UP) Trading Down 7.8% – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP) shares traded down 7.8% during mid-day trading on Monday . The stock traded as low as $1.58 and last traded at $1.59. 383,320 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,034,020 shares. The stock had previously closed at $1.72.

Wheels Up Experience Trading Down 3.8 %

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’s fifty day simple moving average is $2.10 and its 200-day simple moving average is $2.24. The firm has a market capitalization of $1.15 billion, a PE ratio of -3.31 and a beta of 2.32.

Insiders Place Their Bets

In other news, Director Donald Lee Moak sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 130,231 shares in the company, valued at $325,577.50. This trade represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UP. Geode Capital Management LLC grew its position in shares of Wheels Up Experience by 57.6% during the third 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. State Street Corp grew its holdings in shares of Wheels Up Experience by 41.9% during the third quarter. State Street Corp now owns 1,322,891 shares of the company’s stock worth $3,201,000 after purchasing an additional 390,414 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock worth $1,928,000 after purchasing an additional 585,589 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 valued at $500,000 after purchasing an additional 246,742 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after purchasing an additional 97,532 shares during the period. 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.