Upstart Holdings ( (UPST) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Upstart Holdings’ stock experienced a significant movement due to a correction in previously overstated delinquency estimates, leading to a 5% increase in pre-market trading. Despite this adjustment, analysts remain cautious, maintaining a neutral stance due to fair valuations and ongoing macroeconomic challenges affecting credit performance in the fintech sector.
More about Upstart Holdings
YTD Price Performance: -16.45%
Average Trading Volume: 7,098,412
Technical Sentiment Signal: Sell
Current Market Cap: $5.07B
For further insights into UPST stock on TipRanks’ Stock Analysis page.
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