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Upstart Holdings Inc (UPST) Stock: What Does the Chart Say Thursday?

Thursday, June 17, 2021 02:14 PM | InvestorsObserver Analysts
Upstart Holdings Inc (UPST) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been down on Upstart Holdings Inc (UPST) stock lately. UPST receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Upstart Holdings Inc has a Bearish 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.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With UPST Stock Today?

Upstart Holdings Inc (UPST) stock is trading at $125.93 as of 1:57 PM on Thursday, Jun 17, a rise of $6.92, or 5.82% from the previous closing price of $119.01. The stock has traded between $119.36 and $128.30 so far today. Volume today is more active than usual. So far 7,409,899 shares have traded compared to average volume of 5,249,299 shares.

To see the top 5 stocks in the Credit Services industry 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 Score Report on Upstart Holdings Inc (UPST) Stock.

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