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Motley Fool
Why Upstart Holdings Plummeted by 17% This Week
Upstart Holdings (NASDAQ: UPST) was anything but up in the Monday to Friday span, with its stock tumbling by more than 17%, according to data compiled by S&P Global Market Intelligence. On Tuesday, analyst David Chiaverini downgraded his recommendation on Upstart stock to underperform (read: sell) from his previous neutral. Specifically, Chiaverini’s main issue with the fintech is its dependence on third-party funding.
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