This year has served as a not-so-pleasant reminder that stocks don't move up in a straight line -- even if last year made the investment community believe that's what happened. A combination of historically high inflation, an incredibly hawkish Federal Reserve, and back-to-back quarters of gross domestic product declines has sent all three major U.S. indexes plunging into a bear market. While bear markets can be scary and produce some jaw-dropping volatility, they're also known for creating once-in-a-generation buying opportunities for long-term investors.
Upstart Holdings, Inc. (UPST) closed at $20.79 in the latest trading session, marking a -1% move from the prior day.
Fintech company Upstart Holdings (NASDAQ: UPST) has been one of Wall Street's most volatile stocks; in just under two years since going public, the stock's gone from $20 to $400 back down again -- a stressful ride indeed! The company is still young and has to prove to investors that it has the staying power to not only survive but thrive over the coming years. There is still a lot of work to be done on that front, but Upstart has seemingly found a niche that could help it to grow and establish itself enough to win back investors.