Is It Too Late to Buy Upstart Stock?
The last few years have been a wild time for stocks. This is especially true for recent initial public offerings (IPO). The Renaissance IPO ETF was beating the S&P 500 by over 100% at one point, but that outperformance has cratered. In fact, the exchange-traded fund is now trailing the broad market by about 20% on a three-year basis.
One stock that embodies this trend is Upstart (NASDAQ: UPST), which was up more than 1,900% at its peak from its late 2020 IPO. But over the last six months, the stock is down 68%.
This wild ride could provide a buying opportunity for curious investors. Is it too late to buy Upstart stock?
Source Fool.com
