Why Upstart Holdings Is Jumping Today
Shares of Upstart Holdings (NASDAQ: UPST), an artificial-intelligence-based lending platform, were rising this morning, on no company-specific news. Some investors may be snatching up shares of the company after the stock has experienced a massive sell-off over the past few months.
The tech stock was up by 10.6% as of 10:34 a.m. ET.
Many investors have been exiting their positions in more speculative investments over the past few months as they've grown concerned about rising inflation and the potential that the Federal Reserve will soon begin to raise interest rates.
Source Fool.com