Why Shares of Upstart Are Down Today

Shares of the artificial intelligence lender Upstart (NASDAQ: UPST) traded roughly 6% lower as of 2:41 p.m. ET today as broader markets struggled and after the company released its annual report over the weekend.

The Nasdaq Composite had fallen more than 2% today, and most tech stocks struggled in the wake of rising tensions between Russia and Ukraine.

Upstart also released its annual 10-K report over the weekend, which provided some interesting details on the business after the company just reported strong earnings results for the fourth quarter of 2021. 

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Source Fool.com