Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wheels Up Experience Inc shares valued at $72,169 were sold by Heltebran Laura on Mar 13 ’24. At $2.54 per share, Heltebran Laura sold 28,413 shares. The insider’s holdings dropped to 37,707 shares worth approximately $99923.55 following the completion of this transaction.
Also, Briffa Mark sold 5,589 shares, netting a total of over 14,084 in proceeds. Following the sale of shares at $2.52 each, the insider now holds 58,471 shares.
Before that, Briffa Mark had sold 9,904 shares from its account. In a trade valued at $36,051, the Chief Commercial Officer traded Wheels Up Experience Inc shares for $3.64 each. Upon closing the transaction, the insider’s holdings decreased to 9,904 shares, worth approximately $0.18 million.
As published in their initiating research note from Goldman on June 15, 2022, Wheels Up Experience Inc [UP] has been a Buy and the price target has been revised to $5. As of November 16, 2021, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for UP. Earlier on November 09, 2021, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for UP stock.
Analyzing UP Stock Performance
During the last five days, there has been a drop of approximately -11.96%. Over the course of the year, Wheels Up Experience Inc shares have dropped approximately -22.74%. Shares of the company reached a 52-week high of $5.10 on 01/08/24 and a 52-week low of $2.22 on 03/11/24. A 50-day SMA is recorded $3.02, while a 200-day SMA reached $2.37. Nevertheless, trading volume fell to 0.73 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Wheels Up Experience Inc (UP)
According to the 24-hour chart, there is a support level at 2.53, which, if violated, would cause prices to drop to 2.41. In the upper region, resistance lies at 2.85. The next price resistance is at 3.05. RSI (Relative Strength Index) is 43.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 69.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Wheels Up Experience Inc subject to short interest?
Stocks of Wheels Up Experience Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.55 million shares to 5.57 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.02 million shares. A jump of 27.83% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.5.
