Home Insiders Updates Checking in on Wheels Up Experience Inc. (UP) after recent insiders movement

Checking in on Wheels Up Experience Inc. (UP) after recent insiders movement

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Checking in on Wheels Up Experience Inc. (UP) after recent insiders movement

Wheels Up Experience Inc.’s filing revealed that its President Hegde Vinayak unloaded Company’s shares for reported $32173.0 on Sep 19. In the deal valued at $1.49 per share,21,561 shares were sold. As a result of this transaction, Hegde Vinayak now holds 2,074,977 shares worth roughly $ 3.28 million.


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Then, Adelman David J. bought 250,000 shares, generating $648,825 in total proceeds. Upon buying the shares at $2.60, the Director now owns 850,000 shares.

Before that, Adelman David J. bought 200,000 shares. Wheels Up Experience Inc. shares valued at $619,800 were divested by the Director at a price of $3.10 per share. As a result of the transaction, Adelman David J. now holds 600,000 shares, worth roughly $0.95 million.

Goldman initiated its Wheels Up Experience Inc. [UP] rating to a Buy in a research note published on Friday, June 15, 2022; the price target was $5. PT values the company’s stock at a premium of 68.4 to its Friday closing price. Barrington Research also remained covering UP and has decreased its forecast on November 16, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on November 09, 2021. It rated UP as “an Underweight”.

Price Performance Review of UP

On Friday, Wheels Up Experience Inc. [NYSE:UP] saw its stock jump 0.64% to $1.58. On the same session, the stock had its day’s lowest price of $1.51, but rose to a high of $1.64. Over the last five days, the stock has lost -8.14%. Wheels Up Experience Inc. shares have fallen nearly -65.95% since the year began. Nevertheless, the stocks have fallen -79.21% over the past one year. While a 52-week high of $8.10 was reached on 01/03/22, a 52-week low of $0.99 was recorded on 10/13/22. SMA at 50 days reached $1.4826, while 200 days put it at $2.4869. A total of 0.87 million shares were traded, compared to the trading of 1.76 million shares in the previous session.

Levels Of Support And Resistance For UP Stock

The 24-hour chart illustrates a support level at 1.5133, which if violated will result in even more drops to 1.4467. On the upside, there is a resistance level at 1.6433. A further resistance level may holdings at 1.7067. The Relative Strength Index (RSI) on the 14-day chart is 55.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0271, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.62%. Stochastics %K at 63.35% indicates the stock is a holding.

How much short interest is there in Wheels Up Experience Inc.?

A steep rise in short interest was recorded in Wheels Up Experience Inc. stocks on Jul 14, 2022, growing by 1.84 million shares to a total of 8.22 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.38 million shares. There was a rise of 22.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.24.

Wheels Up Experience Inc. [UP] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 18,856,343 shares, or roughly 7.71% of the outstanding UP shares. In other words, the investor’s shares have fallen by -2,484,735 from its previous 13-F filing of 21341078.0. Additionally, BlackRock Fund Advisors increased 224.52% of its stake after which the total value it holdings stand at $11,399,063, while Franklin Advisers, Inc. reduced -7.60% of its stake to hold $10.69 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 565,684 shares of Wheels Up Experience Inc., while SSgA Funds Management, Inc. bought 207,630 shares. At present, Geode Capital Management LLC is holding 2,927,420 shares valued at $3.37 million. Leucadia Asset Management LLC owned 1,619,853 shares of the company at the time of its most recent 13F filing, worth $1.86 million.

According to FactSet, Wheels Up Experience Inc.’s share price will average $4.74 in the next year, based on opinions of analysts polled by the firm. This is up nearly 218.47 percent from its previous closing price of $1.57. Analysts expect Wheels Up Experience Inc. stock to reach the higher price of $6.00, while the lowest price estimate is $2.40. However, 8 analysts have rated UP stock as an Overweight in their predictions for 2022. The most recent change occurred on October 01, 2021 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $14 price target.

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