Wheels Up Experience Inc. (NYSE:UP - Get Free Report) was the target of some unusual options trading on Wednesday. Investors acquired 6,748 call options on the company. This is an increase of 94% compared to the average volume of 3,486 call options.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.
View Our Latest Research Report on UP
Insiders Place Their Bets
In other news, CAO Alexander Chatkewitz sold 23,959 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $1.46, for a total value of $34,980.14. Following the transaction, the chief accounting officer directly owned 507,462 shares of the company's stock, valued at approximately $740,894.52. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Joseph Kedzior sold 25,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $2.94, for a total value of $73,500.00. Following the completion of the sale, the insider owned 834,914 shares in the company, valued at $2,454,647.16. The trade was a 2.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,907 shares of company stock valued at $617,064. Insiders own 0.15% of the company's stock.
Institutional Trading of Wheels Up Experience
Institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its position in shares of Wheels Up Experience by 10.7% during the fourth quarter. Northern Trust Corp now owns 840,804 shares of the company's stock worth $1,387,000 after purchasing an additional 81,293 shares in the last quarter. Jane Street Group LLC acquired a new position in Wheels Up Experience in the 2nd quarter valued at about $795,000. Marshall Wace LLP acquired a new position in Wheels Up Experience in the 2nd quarter valued at about $222,000. Y Intercept Hong Kong Ltd purchased a new stake in Wheels Up Experience in the 2nd quarter valued at approximately $198,000. Finally, Brevan Howard Capital Management LP purchased a new stake in Wheels Up Experience in the 2nd quarter valued at approximately $172,000. 98.20% of the stock is owned by hedge funds and other institutional investors.
Wheels Up Experience Price Performance
Shares of NYSE:UP traded down $0.29 during midday trading on Wednesday, hitting $2.02. The company had a trading volume of 5,645,369 shares, compared to its average volume of 2,556,176. Wheels Up Experience has a twelve month low of $0.74 and a twelve month high of $3.50. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -4.27 and a beta of 2.41. The business's 50-day simple moving average is $1.94 and its 200-day simple moving average is $1.46.
Wheels Up Experience (NYSE:UP - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $189.64 million during the quarter.
About Wheels Up Experience
(
Get Free Report)
Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.
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