Why Upstart Stock Was Gaining Ground Today
Shares of Upstart Holdings (NASDAQ: UPST), an AI-powered lending platform, were rising today on seemingly no company-specific news. Instead, some investors may be looking at the company's recent share price declines and thinking that now is a good buying opportunity.
The fintech stock was up by 3.6% as of 12:10 p.m. ET.
Shares of Upstart have crashed over the past six months, falling 73% as investors have been worried about the Federal Reserve's aggressive interest rate hikes as it tries to tamp down inflation.
Source Fool.com
