Wheels Up Experience (NYSE:UP) Trading Up 1.3% – Here’s Why

Wheels Up Experience Inc. (NYSE:UP)’s share price shot up 1.3% during trading on Thursday . The company traded as high as $0.5482 and last traded at $0.5370. 1,342,834 shares were traded during trading, a decline of 47% from the average session volume of 2,531,727 shares. The stock had previously closed at $0.5299.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Wheels Up Experience Price Performance

The company has a market capitalization of $387.56 million, a P/E ratio of -1.28 and a beta of 2.34. The business’s 50-day moving average price is $0.70 and its two-hundred day moving average price is $1.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UP. AQR Capital Management LLC acquired a new stake in shares of Wheels Up Experience during the first quarter worth about $156,000. Creative Planning acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at approximately $25,000. Cetera Investment Advisers acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at approximately $78,000. Catalyst Funds Management Pty Ltd bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $54,000. Finally, XTX Topco Ltd bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $141,000. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.