2023-07-25 06:10:00 ET
Shares of Upstart (NASDAQ: UPST) are sitting on a whopping gain of 353% in 2023, yet they are still trading 85% below their all-time high. How is that possible?
The stock listed publicly in 2020 at $20, surged as high as $401 in 2021, and then collapsed to a low around $12 late last year. Therefore, its 2023 return has come off an extremely low base relative to where the stock has traded previously.
You might be wondering what triggered that roller-coaster ride in the span of just three years. I'll tell you -- and explain why Upstart stock might be a buy now.
For further details see:
1 Unstoppable Stock Down 85% You'll Regret Not Buying on the Dip