Why Fly Leasing Stock Popped 24.5% This Morning

For the second day in a row, shares of commercial airplane lessor Fly Leasing (NYSE: FLY) are proving true to their name. After soaring 32% on Tuesday on the back of a big upgrade from analysts at J.P. Morgan, Fly shares took off again this morning, and as of 12:45 p.m. EDT were up another 8.5%.

Granted, that's barely a third of the 24.5% that these shares were up earlier in the day, but even so, this stock is flying! What is the wind beneath its wings?

Image source: Getty Images.

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Source Fool.com