Wheels Up Experience (NYSE:UP) Sets New 52-Week Low - What's Next?

Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $1.36 and last traded at $1.32, with a volume of 87439 shares trading hands. The stock had previously closed at $1.42.

Wheels Up Experience Stock Down 5.4 %

The business's 50-day simple moving average is $1.57 and its 200-day simple moving average is $1.91. The stock has a market cap of $792.12 million, a PE ratio of -2.27 and a beta of 2.39.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds have recently modified their holdings of the company. State Street Corp increased its position in shares of Wheels Up Experience by 41.9% in the third 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 period. Geode Capital Management LLC increased its position in shares of Wheels Up Experience by 57.6% during the third quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company's stock valued at $4,757,000 after buying an additional 718,411 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company's stock valued at $1,928,000 after buying an additional 585,589 shares during the period. Barclays PLC increased its position in shares of Wheels Up Experience by 320.8% during the third quarter. Barclays PLC now owns 127,939 shares of the company's stock valued at $309,000 after buying an additional 97,532 shares during the period. Finally, Stifel Financial Corp purchased a new position in shares of Wheels Up Experience during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 98.20% of the company's stock.

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.