Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) fell 6.8% during trading on Friday . The company traded as low as $1.32 and last traded at $1.31. 406,587 shares were traded during mid-day trading, a decline of 62% from the average session volume of 1,078,904 shares. The stock had previously closed at $1.40.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Wheels Up Experience from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st.
Get Our Latest Research Report on Wheels Up Experience
Wheels Up Experience Price Performance
The stock has a 50 day moving average of $1.34 and a 200 day moving average of $1.35.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The business had revenue of $177.53 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $339,000. CIBC Private Wealth Group LLC increased its stake in shares of Wheels Up Experience by 48,303.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock valued at $119,000 after buying an additional 74,870 shares during the period. Geode Capital Management LLC increased its stake in shares of Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after buying an additional 13,372 shares during the period. Wells Fargo & Company MN increased its stake in shares of Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after buying an additional 14,299 shares during the period. Finally, Barclays PLC increased its stake in shares of Wheels Up Experience by 11.0% in the fourth quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after buying an additional 14,117 shares during the period. Institutional investors and hedge funds 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.
Further Reading
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