SFTBY - HIVE Blockchain tops week's losers while Nu climbs the most: Financials roundup

A hefty chunk of the top five biggest financial losers (with market cap of over $2B) in the week ended August 19 were made up of popular fintech names, while a number of insurers saw some bullish price action.

Cryptocurrency miner HIVE Blockchain ( NASDAQ: HIVE ) -25.9% dropped after it turned in a $95.3M loss in its fiscal first quarter, driven by higher non-cash charges. Perhaps bitcoin's ( BTC-USD ) 14% slump at the time also pushed HIVE shares lower.

Upstart ( NASDAQ: UPST ) -18.1% fell even after Coatue Management disclosed a new stake in the consumer lending platform. Elsewhere, the company provided its credit union partner with personal lending capabilities .

Up next was SoFi Technologies ( SOFI ) -17.3% , another consumer lending platform, which dipped after SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) sold some of its shares in the company;

Root ( NASDAQ: ROOT ) -14% got knocked lower; and

Banco Santander-Chile ( BSAC ) -12.4% slid.

For the top five biggest financial winners:

Brazil-based digital bank Nu Holdings ( NYSE: NU ) +9.4% climbed after it turned in stronger-than-expected Q2 results . Also, both SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and Temasek took new stakes in the fintech.

Credit Acceptance ( CACC ) claimed the second slot, rising 6.7% in the past week;

CorVel ( CRVL ) +5.2% perked up;

Progressive ( PGR ) +4.7% rose after the property and casualty insurer posted increased premiums and an improved combined ratio in July and;

Old Republic International ( ORI ) +4% increased after the P&C insurer declared a quarterly dividend of $0.23 per share.

Previously, (August 18) latest Fed chatter points to continued hawkish stance .

For further details see: