Wheels Up Experience Inc. (NYSE:UP - Get Free Report) dropped 4.1% on Tuesday . The company traded as low as $2.46 and last traded at $2.45. Approximately 1,037,350 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 2,500,716 shares. The stock had previously closed at $2.55.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.
View Our Latest Stock Report on Wheels Up Experience
Wheels Up Experience Stock Down 9.2%
The company's 50 day simple moving average is $1.92 and its two-hundred day simple moving average is $1.45. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -4.90 and a beta of 2.40.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $189.64 million for the quarter.
Insider Activity
In related news, insider Brian Joseph Kedzior sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $2.94, for a total transaction of $73,500.00. Following the sale, the insider owned 834,914 shares in the company, valued at approximately $2,454,647.16. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald Lee Moak sold 43,166 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $3.11, for a total transaction of $134,246.26. Following the sale, the director owned 180,431 shares in the company, valued at approximately $561,140.41. This represents a 19.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 224,907 shares of company stock valued at $617,064 over the last quarter. Insiders own 0.15% of the company's stock.
Institutional Trading of Wheels Up Experience
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new position in Wheels Up Experience during the second quarter worth about $25,000. Creative Planning acquired a new position in Wheels Up Experience during the second quarter worth about $25,000. Byrne Asset Management LLC acquired a new position in Wheels Up Experience during the first quarter worth about $27,000. CWM LLC boosted its position in Wheels Up Experience by 77.0% during the second quarter. CWM LLC now owns 24,880 shares of the company's stock worth $27,000 after acquiring an additional 10,827 shares during the last quarter. Finally, Beck Mack & Oliver LLC acquired a new position in Wheels Up Experience during the second quarter worth about $27,000. Hedge funds and other institutional investors own 98.20% of the company's stock.
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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