Why Upstart Holdings Stock Rocketed 207% in the First Half of 2021
Shares of Upstart Holdings (NASDAQ: UPST) soared 206.5% during the first half of 2021, according to data provided by S&P Global Market Intelligence. This continues the stock's atmospheric rise since its IPO on Dec. 16, 2020. The company priced its shares at $20, but the stock surged 47% on its first day of trading and never looked back.
Upstart's stock performance during the first half of this year crushed the 14.4% returns of the S&P 500. The results were driven by excitement over the company's AI-driven lending solutions, which helped drive rapid revenue growth. The company is also profitable, fueling even greater investor enthusiasm.
Image source: Getty Images.
Source Fool.com
