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home / news releases / PSFE - Why did Upstart Holdings stock sink today? CEO sells shares

PSFE - Why did Upstart Holdings stock sink today? CEO sells shares

Paysafe Limited
Upstart Holdings (NASDAQ:UPST) stock dropped 14% in late Friday trading after the company's CEO, Dave Girouard, sold about 133K shares of the stock, according to a Form 4 filed late Thursday. The insider sale likely accounts for the large decline. Meanwhile, other financial and lending technology stocks were pressured as investors shed risk. Block (NYSE:SQ) is down 6.9%, LendingClub (NYSE:LC) -8.1%, Paysafe (NYSE:PSFE) -5.8%, and Lightspeed Commerce (NYSE:LSPD) -8.5%. Less than a month ago, Upstart (UPST) stock surged after it announced better-than-expected Q4 earnings, strong guidance, and a $400M stock buyback. Earlier on Friday, SA contributor Julian Lin analyzes what Upstart's (UPST) share repurchases mean for the stock

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Why did Upstart Holdings stock sink today? CEO sells shares
Stock Information
Company Name: Paysafe Limited
Stock Symbol: PSFE
Market: NYSE
Website: paysafe.com
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