Wheels Up Experience (NYSE:UP) Reaches New 52-Week Low - Here's What Happened

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $1.55 and last traded at $1.58, with a volume of 883674 shares trading hands. The stock had previously closed at $1.69.

Wheels Up Experience Stock Down 6.4 %

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -3.16 and a beta of 2.40. The business's 50-day moving average is $2.02 and its 200-day moving average is $2.23. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.22 and a current ratio of 0.31.

Insider Buying and Selling at Wheels Up Experience

In related news, Director Donald Lee Moak sold 20,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 130,231 shares in the company, valued at $325,577.50. The trade was a 13.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in shares of Wheels Up Experience by 320.8% during the 3rd quarter. Barclays PLC now owns 127,939 shares of the company's stock worth $309,000 after buying an additional 97,532 shares during the period. Geode Capital Management LLC grew its holdings in Wheels Up Experience by 57.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company's stock worth $4,757,000 after acquiring an additional 718,411 shares during the period. State Street Corp raised its position in shares of Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company's stock valued at $3,201,000 after acquiring an additional 390,414 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at $41,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Wheels Up Experience by 277.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company's stock worth $1,928,000 after purchasing an additional 585,589 shares during the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.