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Why Shares of StoneCo, Upstart, and Lemonade Are Falling Today

TheMotleyFool

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Why Shares of StoneCo, Upstart, and Lemonade Are Falling Today: https://g.foolcdn.com/editorial/images/715142/generic-downward-7.jpg

Shares of several tech and fintech stocks dropped to start the new year as investors continued to speculate about the orbit of inflation and interest rates.

Shares of the Brazilian e-commerce and payments company StoneCo (NASDAQ: STNE) traded roughly 8.7% lower as of 2 p.m. ET today.

Meanwhile, shares of the artificial intelligence-assisted loan platform Upstart (NASDAQ: UPST) traded about 3.5% down, while shares of the insurtech company Lemonade (NYSE: LMND) were roughly flat after having been down as much as 4% earlier today.

Source Fool.com

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