Tilray stock has fallen since the Canadian pot producer reported earnings. Should you buy TLRY stock now? Read More...
Motley Fool
Why Upstart, Block, and Lemonade Swooned Again Today
Shares of Upstart (NASDAQ: UPST), Block (NYSE: SQ), and Lemonade (NYSE: LMND) were down big again on Monday, down 10.7%, 7%, and 8.1%, respectively on the day. While each of these companies is slightly different in what they do — Upstart uses artificial intelligence to underwrite consumer loans, Block is a payments processor, lender, and consumer broker and digital wallet, and Lemonade is a digital insurance brokerage — each is a type of high-growth fintech stock. Fintechs benefited over the past few years as the interest rate environment was amenable to high-growth technology stocks, and the economy was relatively healthy.
Add Comment