Wheels Up Experience (NYSE:UP) Trading Down 5.5% – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP)’s stock price dropped 5.5% during trading on Monday . The company traded as low as $1.70 and last traded at $1.71. Approximately 475,454 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 1,035,360 shares. The stock had previously closed at $1.81.

Wheels Up Experience Stock Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of -3.44 and a beta of 2.32. The business has a 50 day moving average of $2.12 and a 200 day moving average of $2.25. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01.

Insider Transactions at Wheels Up Experience

In other Wheels Up Experience news, Director Donald Lee Moak sold 20,000 shares of Wheels Up Experience stock in a transaction on Monday, November 25th. The shares were sold at an average price of $2.50, for a total value 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 $325,577.50. This trade represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Koss Olinger Consulting LLC purchased a new stake in Wheels Up Experience during the third quarter valued at approximately $26,000. Renaissance Technologies LLC purchased a new stake in Wheels Up Experience during the 2nd quarter valued at $28,000. CIBC Asset Management Inc bought a new stake in Wheels Up Experience in the second quarter worth $37,000. Stifel Financial Corp purchased a new position in Wheels Up Experience during the third quarter worth $41,000. Finally, SG Americas Securities LLC bought a new position in Wheels Up Experience during the third quarter valued at $56,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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.