Why Blade Air Mobility Stock Is Up Today
Blade Air Mobility (NASDAQ: BLDE) got a positive mention in Barron's over the weekend, and the stock is taking flight as a result. Shares of the air mobility company were up as much as 14% on Monday on excitement about this business' potential.
Blade is taking the ridesharing concept pioneered in vehicles by Uber Technologies and applying it to helicopters, offering transportation services on a per-ride basis.
In this weekend's edition of Barron's, market columnist Al Root noted that while companies that make next-generation electronic aircraft (the latest iteration of the longtime dream of a flying car) are highly speculative and fraught with risk, Blade is relatively well positioned to succeed. The company, like Uber, does not own its own fleet, but rather manages routes and bookings for others.
Source Fool.com
