Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) rose 12.3% during trading on Tuesday . The stock traded as high as $1.24 and last traded at $1.24. Approximately 403,417 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 1,016,056 shares. The stock had previously closed at $1.10.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday.
Read Our Latest Analysis on UP
Wheels Up Experience Stock Up 23.2%
The business's fifty day moving average price is $1.37 and its two-hundred day moving average price is $1.31.
Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $177.53 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Wheels Up Experience by 0.7% during 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. Northern Trust Corp raised its stake in Wheels Up Experience by 10.7% during the fourth quarter. Northern Trust Corp now owns 840,804 shares of the company's stock worth $1,387,000 after purchasing an additional 81,293 shares during the period. First Trust Advisors LP purchased a new position in Wheels Up Experience during the fourth quarter worth about $1,264,000. Corient Private Wealth LLC purchased a new position in Wheels Up Experience during the fourth quarter worth about $339,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Wheels Up Experience in the 1st quarter valued at approximately $156,000. Hedge funds and other institutional investors 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.
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