Wheels Up Experience (NYSE:UP) Sets New 1-Year Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) reached a new 52-week low during trading on Monday . The company traded as low as $1.05 and last traded at $1.07, with a volume of 321446 shares. The stock had previously closed at $1.12.

Wheels Up Experience Trading Down 3.1 %

The stock’s fifty day moving average is $1.50 and its two-hundred day moving average is $1.88. The company has a market capitalization of $757.22 million, a PE ratio of -2.17 and a beta of 2.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in Wheels Up Experience in the 3rd quarter valued at about $41,000. Hsbc Holdings PLC boosted its holdings in 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 period. Intech Investment Management LLC bought a new position in Wheels Up Experience in the 3rd quarter worth approximately $88,000. Wells Fargo & Company MN grew its stake in Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after buying an additional 14,299 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in 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 acquiring an additional 25,495 shares during the period. 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.