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If You Invested $2,000 in Upstart in 2020, This Is How Much You Would Have Today

TheMotleyFool

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If You Invested $2,000 in Upstart in 2020, This Is How Much You Would Have Today: https://g.foolcdn.com/editorial/images/725185/couple-loan.jpg

Upstart (NASDAQ: UPST) attracted a stampede of bulls when it went public on Dec. 16, 2020. The online lending company priced its shares at $20, then they jumped to $29.47 on the first trading day and eventually closed at an all-time high of $390 on Oct. 15, 2021.

But today Upstart's stock trades at $15 a share. A $2,000 investment in its IPO would have briefly grown to $39,000 before shriveling to about $1,500. Let's see why Upstart's stock soared, why it crashed, and if it's still a worthwhile buy today.

Image source: Getty Images.

Source Fool.com

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