Wheels Up Experience Announces Reverse Stock Split Amid Market Concerns
Wheels Up Experience (UP) announced a 1-for-20 reverse stock split, leading to a 22.55% drop in its shares. The move aims to help the company comply with NYSE listing standards but signals investor concerns over its poor performance. The stock has already fallen 99.6% from its 2020 IPO price.
Tickers: $UP
Topics: NYSE listing standards reverse stock split stock price Wheels Up Experience