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Why Upstart Stock Lost 16% in November

Why Upstart Stock Lost 16% in November

Shares of credit lending platform Upstart Holdings (NASDAQ: UPST) fell another 16% in November, according to data provided by S&P Global Market Intelligence. Upstart's third-quarter earnings came in below expectations, which were already a huge drop from the previous performance. November was an extension of Upstart's magnificent downfall from market darling to sell-off stock.