Reported 3 days ago
Wheels Up Experience Inc. (NYSE:UP) saw a significant 35% increase in stock value, driven by investor optimism over the divestiture of three non-core businesses, expected to save the company approximately $50 million. The stock reached an all-time high of $3.5 before profit-taking slightly reduced gains. CEO George Mattson highlighted the importance of this sale in enhancing the company’s financial stability and fostering future growth.
Source: YAHOO