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Wheels Up Experience (NYSE:UP) Shares Gap Down - Here's What Happened

Wheels Up Experience logo with Aerospace background

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $1.50, but opened at $1.43. Wheels Up Experience shares last traded at $1.56, with a volume of 533,495 shares changing hands.

Analyst Ratings Changes

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

Read Our Latest Research Report on UP

Wheels Up Experience Stock Performance

The firm has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.31. The stock has a market cap of $1.13 billion, a PE ratio of -3.29 and a beta of 2.30.

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

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently made changes to their positions in UP. Byrne Asset Management LLC purchased a new position in Wheels Up Experience in the 1st quarter worth $27,000. Hsbc Holdings PLC raised its stake in Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after acquiring an additional 10,740 shares during the last quarter. EWA LLC purchased a new position in Wheels Up Experience in the 1st quarter worth $43,000. Wells Fargo & Company MN raised its stake in Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after acquiring an additional 14,299 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Wheels Up Experience by 69.0% in the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company's stock worth $74,000 after acquiring an additional 30,058 shares during the last quarter. Hedge funds and other institutional investors 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.

See Also

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