Wheels Up Experience (NYSE:UP) Stock Price Down 5.5% - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price was down 5.5% during mid-day trading on Monday . The company traded as low as $1.70 and last traded at $1.71. Approximately 475,454 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,035,360 shares. The stock had previously closed at $1.81.

Wheels Up Experience Trading Down 6.1 %

The firm's 50-day simple moving average is $2.14 and its 200 day simple moving average is $2.25. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -3.40 and a beta of 2.32.

Insider Transactions at Wheels Up Experience

In related news, Director Donald Lee Moak sold 20,000 shares of the 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 of the company's stock, valued at $325,577.50. This represents a 13.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Institutional Trading of Wheels Up Experience

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings 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 worth $4,757,000 after purchasing an additional 718,411 shares during the period. Charles Schwab Investment Management Inc. raised its position in Wheels Up Experience by 277.2% during 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. State Street Corp lifted its holdings in Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company's stock worth $3,201,000 after buying an additional 390,414 shares during the period. Bank of New York Mellon Corp grew its position in shares of Wheels Up Experience by 1,399.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company's stock valued at $500,000 after buying an additional 246,742 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Wheels Up Experience by 320.8% in the 3rd 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 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.