Wheels Up Experience (NYSE:UP) Trading 9.4% Higher – Here’s Why

Shares of Wheels Up Experience Inc. (NYSE:UPGet Free Report) were up 9.4% on Wednesday . The company traded as high as $2.24 and last traded at $2.22. Approximately 675,963 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 1,013,659 shares. The stock had previously closed at $2.03.

Wheels Up Experience Stock Up 6.9 %

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The business’s fifty day moving average is $2.14 and its two-hundred day moving average is $2.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UP. Koss Olinger Consulting LLC purchased a new position in shares of Wheels Up Experience in the 3rd quarter valued at $26,000. Renaissance Technologies LLC acquired a new stake in Wheels Up Experience during the 2nd quarter worth $28,000. CIBC Asset Management Inc acquired a new stake in Wheels Up Experience during the 2nd quarter worth $37,000. SG Americas Securities LLC acquired a new stake in Wheels Up Experience during the 3rd quarter worth $56,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth $67,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

(Get Free Report)

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.

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