Upstart earnings: What to expect from the AI lender

📆 08/08/2023 19:19:00
📰 MarketWatch

⏱ Reading Time:
38 sec. here
2 min. at publisher
📊 Quality Score:
News: 19%
Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Upstart Holdings Inc.’s controversial stock will be put to the test Tuesday afternoon when the company posts earnings. Shares of Upstart UPST have nearly quadrupled so far this year, although they’re off 87% from their all-time closing high of $390, achieved in October 2021.

Upstart Holdings Inc.’s controversial stock will be put to the test Tuesday afternoon when the company posts earnings.

Shares of Upstart UPST have nearly quadrupled so far this year, although they’re off 87% from their all-time closing high of $390, achieved in October 2021. Shares of the lending company have been riding the wave of enthusiasm for artificial intelligence, while Upstart has also shown improvements to a business that has struggled in a higher-rate and more uncertain macroeconomic environment.

Stock movement: Upstart shares tend to make wild swings after earnings. The company has posted results 10 times since going public, and nine of those reports were followed by a double-digit-percentage swing in the next trading session. Upstart shares have gained following each of the company’s past two reports, and they’re up 284% so far this year.

Scrivi un Commento

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Ginkgo Bioworks stock pops as company plans Merck collaborationGinkgo Bioworks Holdings Inc. shares were rising more than 5% in Monday’s premarket trading after the company said it was collaborating with Merck & Co. Inc....
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »