price up icon4.17%   +0.12
after-market  After Hours:  2.95  -0.05   -1.67%

Why is Wheels Up Experience Inc (UP) Stock down?

We've noticed a 6.01% decline in Wheels Up Experience Inc (UP) stock during the 2024-05-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
28 Dec, 2023:

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.

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