Wheels Up Experience (NYSE:UP) Shares Gap Up to $1.79

Wheels Up Experience Inc. (NYSE:UP) gapped up before the market opened on Friday . The stock had previously closed at $1.79, but opened at $1.84. Wheels Up Experience shares last traded at $1.84, with a volume of 52,969 shares.

Wheels Up Experience Stock Performance

The stock’s 50-day moving average is $2.52 and its 200 day moving average is $2.64. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -0.20 and a beta of 2.23. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.38 and a quick ratio of 0.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kore Advisors LP acquired a new position in shares of Wheels Up Experience during the 4th quarter worth $88,552,000. Bank of New York Mellon Corp grew its position in Wheels Up Experience by 1,399.2% during the second 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 period. CCG Wealth Management LLC acquired a new position in Wheels Up Experience during the first quarter worth about $287,000. Rhumbline Advisers lifted its position 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 acquiring an additional 86,766 shares during the period. Finally, CVA Family Office LLC purchased a new stake in shares of Wheels Up Experience during the 1st quarter worth approximately $175,000. Institutional investors and hedge funds 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.