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

Wheels Up Experience Inc. (NYSE:UP) shares reached a new 52-week low on Monday . The stock traded as low as $1.36 and last traded at $1.32, with a volume of 87439 shares traded. The stock had previously closed at $1.42.

Wheels Up Experience Trading Down 8.1 %

The company’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.93. The firm has a market cap of $910.76 million, a PE ratio of -2.62 and a beta of 2.39.

Institutional Trading of Wheels Up Experience

Several hedge funds have recently bought and sold shares of UP. Focus Partners Wealth bought a new position in shares of Wheels Up Experience in the fourth quarter worth approximately $110,000. Bank of America Corp DE raised its position in shares of Wheels Up Experience by 72.5% during the fourth quarter. Bank of America Corp DE now owns 73,560 shares of the company’s stock valued at $121,000 after buying an additional 30,919 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Wheels Up Experience in the fourth quarter worth $199,000. Northern Trust Corp boosted its position in shares of Wheels Up Experience by 10.7% during the fourth quarter. Northern Trust Corp now owns 840,804 shares of the company’s stock worth $1,387,000 after acquiring an additional 81,293 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after acquiring an additional 10,740 shares in the last quarter. 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.