Wheels Up Experience (NYSE:UP) Shares Up 10.7% - Here's What Happened

Key Points

• Shares jumped 10.7% intraday to a high of $6.77 (last $6.655) from a $6.01 close, on 114,795 shares traded—about 41% below the stock's average session volume.
• Analyst sentiment remains weak with an average rating of "Sell"; Weiss Ratings reiterated a "sell (d-)" while Wall Street Zen recently upgraded the stock to "hold."
• Wheels Up has a market cap of $241.0M and a negative P/E (−0.79), is trading well below its 50‑day ($9.54) and 200‑day ($14.58) moving averages, and is heavily institutionally owned (98.2%) with several funds recently adding or increasing positions.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares shot up 10.7% during trading on Thursday . The company traded as high as $6.77 and last traded at $6.6550. 114,795 shares were traded during mid-day trading, a decline of 41% from the average session volume of 196,189 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UP. Weiss Ratings reiterated a "sell (d-)" rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Wheels Up Experience Stock Performance

The stock has a market capitalization of $241.04 million, a price-to-earnings ratio of -0.79 and a beta of 1.86. The business has a 50-day moving average of $9.54 and a 200-day moving average of $14.58.

Institutional Trading of Wheels Up Experience

Large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Wheels Up Experience during the 2nd quarter worth approximately $795,000. J. Derek Lewis & Associates Inc. purchased a new position in Wheels Up Experience in the 4th quarter valued at $356,000. Inspire Investing LLC increased its stake in Wheels Up Experience by 210.6% in the 4th quarter. Inspire Investing LLC now owns 780,918 shares of the company's stock valued at $513,000 after buying an additional 529,534 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Wheels Up Experience during the 4th quarter worth $263,000. Finally, Militia Capital Partners LP acquired a new stake in shares of Wheels Up Experience in the 3rd quarter worth $644,000. 98.20% of the stock is owned by institutional investors and hedge funds.

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.