|Day's range||4.2500 - 4.2500|
A controversial research report about a prominent fintech was the torpedo that sank a clutch of the sector's stocks on Thursday. Two notable victims of this were insurance specialist Lemonade (NYSE: LMND) and next-generation lender Upstart Holdings (NASDAQ: UPST). The peer blasted with that report was Block (NYSE: SQ), which has drifted into the sights of a short-seller called Hindenburg Research.
SAN MATEO, Calif., March 22, 2023--Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced the launch of the Upstart Macro Index (UMI). In an industry first, UMI is designed to estimate how changing macroeconomic conditions, such as personal savings rate, inflation, and unemployment, are impacting the credit performance of Upstart-powered loans.
Upstart (NASDAQ: UPST) attracted a stampede of bulls when it went public on Dec. 16, 2020. Let's see why Upstart's stock soared, why it crashed, and if it's still a worthwhile buy today. Why did Upstart initially impress the market?