Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) dropped 5.7% on Wednesday . The company traded as low as $1.58 and last traded at $1.57. Approximately 112,312 shares changed hands during trading, a decline of 89% from the average daily volume of 1,063,246 shares. The stock had previously closed at $1.66.
Wheels Up Experience Stock Up 8.7%
The firm has a market cap of $918.91 million, a P/E ratio of -2.63 and a beta of 2.35. The business's 50 day moving average is $1.13 and its 200-day moving average is $1.47.
Wheels Up Experience (NYSE:UP - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The company had revenue of $177.53 million during the quarter.
Insider Activity at Wheels Up Experience
In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the sale, the insider now owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.
Institutional Trading of Wheels Up Experience
A number of institutional investors have recently made changes to their positions in UP. Byrne Asset Management LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter valued at $27,000. Hsbc Holdings PLC boosted its stake in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after buying an additional 10,740 shares in the last quarter. EWA LLC acquired a new position in Wheels Up Experience during the first quarter worth about $43,000. Wells Fargo & Company MN raised its position in Wheels Up Experience by 49.6% in the fourth 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 in the last quarter. Finally, Deutsche Bank AG raised its position in Wheels Up Experience by 69.0% in the first quarter. Deutsche Bank AG now owns 73,593 shares of the company's stock worth $74,000 after acquiring an additional 30,058 shares in the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.
Wheels Up Experience Company Profile
(
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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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