Why Upstart Stock Jumped 21.1% This Week
Upstart (NASDAQ: UPST) saw its stock price surge 21.1% higher this week, as of Friday at 10:40 a.m. ET, according to S&P Global Market Intelligence. The markets were mixed this week, as the S&P 500 fell 0.1% and the Dow Jones Industrial Average dropped 1.1%, but the Nasdaq Composite was up 0.6%. It was a tough quarter for banks and lenders, but Upstart surged higher after beating projections for revenue and earnings in the first quarter.