Upstart Holdings Stock Plummets on Downgrade
Portfolio Pulse from
Upstart Holdings Inc (NASDAQ:UPST) shares fell by 13.9% to $67.83 following a downgrade from J.P. Morgan.
December 02, 2024 | 4:30 pm
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NEGATIVE IMPACT
Upstart Holdings Inc experienced a significant stock price drop of 13.9% due to a downgrade by J.P. Morgan.
The downgrade by a major financial institution like J.P. Morgan likely led to decreased investor confidence, resulting in a significant drop in Upstart's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100