UPST

Upstart Holdings, Inc.

32.42
USD
2.53%
32.42
USD
2.53%
25.43 401.49
52 weeks
52 weeks

Mkt Cap 2.59B

Shares Out 81.96M

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Lending platform Upstart, crypto bank Silvergate Capital lead weeks' financial losers

Despite massive gains experienced across the board on Friday's session, artificial intelligence-powered lending platform Upstart (NASDAQ:UPST) -54.6% nosedived the most among the top five biggest financial losers (market cap of $2B+) in the week ended May 13. Shares fell substantially after its 2022 guidance disappointed investors, followed by a series of analyst downgrades. As for the rest of the biggest losers within the financial sector, Cryptocurrency lender Silvergate Capital (NYSE:SI) -32%, which experienced selling pressure as bitcoin (BTC-USD) -13% and other major tokens slump in the wake of investor uncertainty; Previously, (May 13) consumer sentiment slid below expectations in May, as inflation hovers around 40-year highs.

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