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Wheels Up Experience (NYSE:UP) Shares Gap Down - Should You Sell?

Wheels Up Experience logo with Aerospace background

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $1.49, but opened at $1.46. Wheels Up Experience shares last traded at $1.47, with a volume of 20,775 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th.

Check Out Our Latest Analysis on Wheels Up Experience

Wheels Up Experience Stock Down 4.4%

The firm has a market capitalization of $995.78 million, a price-to-earnings ratio of -2.91 and a beta of 2.30. The company's fifty day moving average is $1.42 and its two-hundred day moving average is $1.31.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The company had revenue of $177.53 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its position in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares during the period. Byrne Asset Management LLC bought a new stake in Wheels Up Experience during the first quarter valued at approximately $27,000. EWA LLC purchased a new stake in shares of Wheels Up Experience in the 1st quarter valued at $43,000. Wells Fargo & Company MN boosted its stake in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after purchasing an additional 14,299 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Wheels Up Experience in the 4th quarter valued at $110,000. Institutional investors and hedge funds own 98.20% of the company's stock.

Wheels Up Experience Company Profile

(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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