Wheels Up Experience Inc. (NYSE:UP - Get Free Report) was up 5.5% on Tuesday . The company traded as high as $0.89 and last traded at $0.90. Approximately 267,532 shares were traded during trading, a decline of 74% from the average daily volume of 1,037,593 shares. The stock had previously closed at $0.85.
Wheels Up Experience Stock Up 4.9 %
The stock has a market cap of $813.39 million, a PE ratio of -2.29 and a beta of 2.39. The business has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.57.
Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $177.53 million during the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.
Insider Activity at Wheels Up Experience
In other Wheels Up Experience 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 shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the transaction, the insider now directly owns 1,090,971 shares of the company's stock, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.
Institutional Trading of Wheels Up Experience
Several large investors have recently added to or reduced their stakes in UP. Byrne Asset Management LLC acquired a new position in Wheels Up Experience in the 1st quarter valued at about $27,000. Hsbc Holdings PLC grew its position in Wheels Up Experience by 97.3% in the fourth 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 period. EWA LLC acquired a new stake in Wheels Up Experience during the first quarter worth $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 valued at $71,000 after purchasing an additional 14,299 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Wheels Up Experience by 110.7% in the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock valued at $80,000 after purchasing an additional 25,495 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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