Wheels Up Experience Inc (UP)

Wheels Up Experience Inc (UP) stock dropped by 29.97% due to an analyst downgrade from research firm BofA Securities. Such a downgrade can have a significant impact on investor sentiment and may lead to a sell-off as investors react to the revised assessment of the company's prospects. The specific reasons for the downgrade and the extent of the impact on the stock's valuation would depend on the details provided in the analyst's report. Investors often closely follow analyst recommendations, and a negative rating can lead to increased selling pressure and a decline in the stock's price.