Insider Selling: Wheels Up Experience Inc. (NYSE:UP) CEO Sells 9,904 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 9,904 shares of Wheels Up Experience stock in a transaction on Monday, November 25th. The shares were sold at an average price of $2.47, for a total value of $24,462.88. Following the completion of the sale, the chief executive officer now directly owns 705,702 shares of the company’s stock, valued at $1,743,083.94. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wheels Up Experience Price Performance

Wheels Up Experience stock opened at $2.61 on Thursday. The business’s 50-day simple moving average is $2.18 and its 200 day simple moving average 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. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -5.22 and a beta of 2.24. Wheels Up Experience Inc. has a 12-month low of $1.40 and a 12-month high of $6.08.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UP. Koss Olinger Consulting LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth approximately $26,000. Renaissance Technologies LLC acquired a new stake in Wheels Up Experience during the 2nd quarter worth $28,000. CIBC Asset Management Inc bought a new stake in shares of Wheels Up Experience during the 2nd quarter valued at $37,000. Stifel Financial Corp acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at $41,000. Finally, SG Americas Securities LLC bought a new position in shares of Wheels Up Experience in the 3rd quarter worth $56,000. 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.