|Bid||0.00 x 1100|
|Ask||0.00 x 1300|
|Day's Range||30.70 - 33.29|
|52 Week Range||22.42 - 401.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||36.20|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Lending technology company Upstart (NASDAQ: UPST) has been a poorly performing stock in the market recently, with shares down by 83% over the past year. However, in this video, Matt Frankel, CFP, discusses why he recently added Upstart to his portfolio, and why he sees brighter days ahead.
The Nasdaq Composite had given up about 1.3% as of this writing. Shares of the digital bank SoFi (NASDAQ: SOFI) also traded more than 6% lower, while shares of the artificial intelligence lender Upstart (NASDAQ: UPST) were down 6.6%. Investors are also trying to determine what kind of recession may be coming in the U.S. later this year or in 2023.
These economically sensitive stocks were volatile amid a slew of new economic data points. And a high-profile hedge fund took positions in both Upstart and SoFi, perhaps boosting sentiment for fintechs.