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Shares of Wheels Up Experience (NYSE: UP) soared 11% higher on Wednesday after the private aviation membership service was initiated with an outperform rating by one Wall Street analyst.
Wheels Up has been around for seven years, but it only went public a few months ago via a merger with a special purpose acquisition company ( SPAC ). The stock has flown through some turbulence since it began trading, down more than 40% prior to Wednesday.