Wheels Up Experience (NYSE:UP) Trading Down 7.8% - What's Next?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares fell 7.8% on Monday . The stock traded as low as $1.58 and last traded at $1.59. 383,320 shares changed hands during trading, a decline of 63% from the average session volume of 1,034,020 shares. The stock had previously closed at $1.72.

Wheels Up Experience Stock Down 2.9 %

The firm's 50-day moving average price is $2.10 and its 200 day moving average price is $2.24. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 238.01. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.34 and a beta of 2.32.

Insider Activity at Wheels Up Experience

In other news, Director Donald Lee Moak sold 20,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 130,231 shares of the company's stock, valued at $325,577.50. The trade was a 13.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently modified their holdings of the business. Koss Olinger Consulting LLC bought a new stake in shares of Wheels Up Experience in the 3rd quarter worth approximately $26,000. Renaissance Technologies LLC purchased a new stake in Wheels Up Experience in the second quarter worth $28,000. Stifel Financial Corp bought a new position in shares of Wheels Up Experience in the 3rd quarter worth about $41,000. CIBC Asset Management Inc purchased a new position in shares of Wheels Up Experience during the second quarter valued at approximately $37,000. Finally, SG Americas Securities LLC purchased a new position in Wheels Up Experience during the third quarter valued at $56,000. Hedge funds and other institutional investors own 98.20% of the company's stock.

Wheels Up Experience Company Profile

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.