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How Will the Market React to Upstart Holdings Inc (UPST) Stock Getting a Bullish Rating

Wednesday, February 01, 2023 10:32 AM | InvestorsObserver Analysts

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How Will the Market React to Upstart Holdings Inc (UPST) Stock Getting a Bullish Rating

The market has been high on Upstart Holdings Inc (UPST) stock recently. UPST gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Upstart Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UPST!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UPST Stock Today?

Upstart Holdings Inc (UPST) stock is up 2.41% while the S&P 500 is lower by -0.19% as of 10:16 AM on Wednesday, Feb 1. UPST has gained $0.45 from the previous closing price of $18.68 on volume of 608,998 shares. Over the past year the S&P 500 is down -9.90% while UPST is lower by -82.45%. UPST lost -$0.09 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Upstart Holdings Inc click here.

More About Upstart Holdings Inc

Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company is primarily comprised of fees paid by banks. Click Here to get the full Stock Report for Upstart Holdings Inc stock.

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