Wheels Up Experience (NYSE:UP) Trading 7.9% Higher - Here's What Happened

Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) rose 7.9% during mid-day trading on Monday . The stock traded as high as $0.95 and last traded at $0.95. Approximately 550,783 shares changed hands during trading, a decline of 47% from the average daily volume of 1,032,369 shares. The stock had previously closed at $0.88.

Wheels Up Experience Trading Down 0.2 %

The company has a market cap of $557.64 million, a P/E ratio of -1.60 and a beta of 2.39. The business's fifty day moving average is $1.16 and its 200 day moving average is $1.70.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $204.82 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

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the transaction, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Wheels Up Experience

Several large investors have recently added to or reduced their stakes in UP. Hsbc Holdings PLC increased its holdings in shares of Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after buying an additional 10,740 shares during the last quarter. Stifel Financial Corp purchased a new stake in Wheels Up Experience during the third quarter valued at about $41,000. Wells Fargo & Company MN lifted its stake in Wheels Up Experience by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after purchasing an additional 14,299 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Wheels Up Experience by 110.7% during 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. Finally, Focus Partners Wealth purchased a new position in shares of Wheels Up Experience during the 4th quarter valued at about $110,000. 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 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.