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Keeping an Eye on Wheels Up Experience Inc (UP) After Insider Trading Activity

In a filing, Wheels Up Experience Inc revealed its Chief Legal Officer Heltebran Laura unloaded Company’s shares for reported $72169.0 on Mar 13 ’24. In the deal valued at $2.54 per share,28,413 shares were sold. As a result of this transaction, Heltebran Laura now holds 37,707 shares worth roughly $80315.90999999999.

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Then, Briffa Mark sold 5,589 shares, generating $14,084 in total proceeds. Upon selling the shares at $2.52, the EVP, Charter & CEO Air Partner now owns 58,471 shares.

Before that, Briffa Mark sold 9,904 shares. Wheels Up Experience Inc shares valued at $36,051 were divested by the Chief Commercial Officer at a price of $3.64 per share. As a result of the transaction, Briffa Mark now holds 69,017 shares, worth roughly $0.15 million.

Goldman initiated its Wheels Up Experience Inc [UP] rating to a Buy in a research note published on June 15, 2022; the price target was $5. 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 Tuesday, Wheels Up Experience Inc [NYSE:UP] saw its stock fall -6.17% to $2.13. Over the last five days, the stock has lost -26.04%. Wheels Up Experience Inc shares have fallen nearly -37.90% since the year began. Nevertheless, the stocks have fallen -10.32% over the past one year. While a 52-week high of $6.08 was reached on 01/08/24, a 52-week low of $0.98 was recorded on 06/04/24. SMA at 50 days reached $2.61, while 200 days put it at $2.54. A total of 1.22 million shares were traded, compared to the trading of 1.58 million shares in the previous session.

Levels Of Support And Resistance For UP Stock

The 24-hour chart illustrates a support level at 2.01, which if violated will result in even more drops to 1.89. On the upside, there is a resistance level at 2.29. A further resistance level may holdings at 2.44. The Relative Strength Index (RSI) on the 14-day chart is 37.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.27%. Stochastics %K at 22.78% indicates the stock is a holding.

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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