What's Going On With Upstart Holdings Stock?

Upstart Holdings, Inc. UPST shares are trading higher Monday amid strength in the broader market. The stock has climbed more than 10% over the past five days.

What To Know:

Last Thursday, Mizuho analyst Dan Dolev maintained Upstart Holdings with an Underperform and raised the price target from $19 to $23.

Earlier in the month, Upstart announced that Maine Savings had selected Upstart to provide personal loans across the communities it serves.

“We are proud to have Maine Savings in the Upstart family of lending partners,” said Michael Lock, SVP of Lending Partnerships for Upstart. “Through the Upstart Referral Network, Maine Savings is able to lend to more creditworthy borrowers across their community while expanding their membership.”

Upstart shares are climbing higher on heavy trading volume Monday with more than 10.2 million shares already traded in the session. According to data from Benzinga Pro, the stock’s 100-day average volume is 9.285 million shares.

Upstart has grabbed the interest of retail investors and short-sellers alike. The stock is one of the top trending tickers on Yahoo Finance on Monday, and a remarkable 41.11% of available shares being sold short, according to data from Benzinga Pro.

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UPST Price Action: According to Benzinga Pro, Upstart Holdings shares are up 9.33% at $35.74 at the time of publication.

Image: Megan Rexazin Conde from Pixabay