Why Upstart (UPST) Shares Are Popping Off Tuesday
Portfolio Pulse from Henry Khederian
Upstart Holdings Inc (UPST) shares are trading higher by 9.30% to $36.85 on Tuesday, possibly due to the softer-than-expected CPI report showing slowing inflation in May. Lower inflation rates can improve consumer purchasing power and affordability, leading to increased loan applications and utilization of lending platforms like Upstart.
June 13, 2023 | 7:23 pm
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Upstart (UPST) shares are up 9.3% to $36.85, possibly due to the softer-than-expected CPI report showing slowing inflation in May. Lower inflation rates can lead to increased loan applications and utilization of lending platforms like Upstart.
The softer-than-expected CPI report indicates slowing inflation, which can improve consumer purchasing power and affordability. This can lead to increased loan applications and utilization of lending platforms like Upstart, positively impacting UPST's stock price in the short term.
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