Insider Selling: Wheels Up Experience Inc. (NYSE:UP) Director Sells 20,000 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) Director Donald Lee Moak sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the sale, the director now owns 130,231 shares in the company, valued at $325,577.50. This trade represents a 13.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wheels Up Experience Trading Up 8.3 %

Shares of UP traded up $0.20 during trading hours on Wednesday, hitting $2.61. The company had a trading volume of 1,797,354 shares, compared to its average volume of 1,026,360. The firm has a market cap of $1.82 billion, a P/E ratio of -5.22 and a beta of 2.24. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $2.32. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. Wheels Up Experience Inc. has a 52-week low of $1.40 and a 52-week high of $6.08.

Institutional Trading of Wheels Up Experience

Several large investors have recently modified their holdings of UP. Bank of New York Mellon Corp grew its stake 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 worth $500,000 after buying an additional 246,742 shares during the last quarter. CIBC Asset Management Inc bought a new position in Wheels Up Experience in the 2nd quarter valued at approximately $37,000. Rhumbline Advisers lifted its holdings in shares of Wheels Up Experience by 15,329.7% during the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock valued at $165,000 after buying an additional 86,766 shares during the period. Renaissance Technologies LLC bought a new position in shares of Wheels Up Experience during the 2nd quarter valued at $28,000. Finally, SG Americas Securities LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter valued at $56,000. 98.20% of the stock is owned by institutional investors.

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.