Wheels Up Experience (NYSE:UP) Reaches New 1-Year Low – Time to Sell?

Shares of Wheels Up Experience Inc. (NYSE:UP) hit a new 52-week low during mid-day trading 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 Stock Up 1.3 %

The company has a market capitalization of $1.12 billion, a PE ratio of -3.22 and a beta of 2.40. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The company’s 50 day moving average is $2.00 and its two-hundred day moving average is $2.23.

Insider Buying and Selling

In other news, Director Donald Lee Moak sold 20,000 shares of Wheels Up Experience stock in a transaction that occurred on Monday, November 25th. The stock was 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 owns 130,231 shares in the company, valued at approximately $325,577.50. The trade was a 13.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UP. State Street Corp grew its holdings in shares of Wheels Up Experience by 41.9% in 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. Geode Capital Management LLC increased 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 acquiring an additional 718,411 shares during the period. 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 acquiring an additional 585,589 shares during the period. Stifel Financial Corp bought a new stake in shares of Wheels Up Experience during the third quarter valued at approximately $41,000. Finally, Barclays PLC boosted its holdings in shares of Wheels Up Experience by 320.8% in the third 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. 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.