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What is the Market's View on Upstart Holdings Inc (UPST) Stock's Price and Volume Trends Friday?

Friday, March 22, 2024 10:54 AM | InvestorsObserver Analysts

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What is the Market's View on Upstart Holdings Inc (UPST) Stock's Price and Volume Trends Friday?

Upstart Holdings Inc (UPST) stock is up 9.94% over the past week and gets a Bullish rating from InvestorsObserver 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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With UPST Stock Today?

Upstart Holdings Inc (UPST) stock is trading at $25.98 as of 10:54 AM on Friday, Mar 22, a decline of -$0.36, or -1.37% from the previous closing price of $26.34. The stock has traded between $25.72 and $26.60 so far today. Volume today is light. So far 1,267,719 shares have traded compared to average volume of 7,194,430 shares. To screen for more stocks like 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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