Advertisement
Singapore markets close in 7 hours 34 minutes

  • Straits Times Index

    3,255.22
    -37.91 (-1.15%)
     

  • Nikkei

    37,950.55
    -509.53 (-1.32%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,519.52
    -2,185.98 (-3.28%)
     

  • CMC Crypto 200

    1,396.32
    -27.78 (-1.95%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,328.40
    -10.00 (-0.43%)
     

  • Crude Oil

    82.68
    -0.13 (-0.16%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,573.20
    +1.72 (+0.11%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Why Upstart Stock Soared 96% in May

Jeremy Bowman, The Motley Fool
·2-min read
Why Upstart Stock Soared 96% in May

Shares of Upstart (NASDAQ: UPST), the AI-based lending platform, soared last month after the company benefited from a better-than-expected earnings report, a deal with Castelake to sell $4 billion in loans, and what appeared to be an extended short squeeze. Upstart's first round of gains came on May 10, when the stock jumped 35% after the company reported first-quarter earnings. Upstart, which helps screen borrowers for banks and other lenders, is still struggling in the current macroeconomic environment.

Continue reading