FRHC - LexinFintech leads week's biggest financial gainers while Credit Acceptance declines

Photo by solarseven/iStock via Getty Images The top financial gainers this week underscore investors' continued appetite for fintech, with LexinFintech, Lemonade, and SoFi Technologies figuring prominently. Among this week's losers — subprime auto lender Credit Acceptance, suffering from lower loan volumes, and Marathon Digital, which is tied to the volatile crypto space. The top five outperformers in the financial sector (of stocks with a market cap of $2B+) for the week ending June 4, 2021: LexinFintech Holdings (LX) (+15.87%) rose as credit-oriented services income rose 8.9% Y/Y; SoFi Technologies (SOFI) (+14.60%) gets an outperform rating at Oppenheimer after completing a de-spacing deal with Chamath Palihapitiya's SPAC; Lemonade (LMND) (+12.65%); the app-focused insurer's stock revives from its post-Q1 slump, while SA contributor Star Investments says its continued customer and revenue growth makes it a buy for investors willing to speculate; Freedom Holding (FRHC) (+11.77%); and Upstart Holdings (UPST), a heavily shorted stock pauses its uptrend

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LexinFintech leads week's biggest financial gainers, while Credit Acceptance declines