Why Upstart Stock Was Skyrocketing Today

The business is still struggling, but results were better than expected. Shares of Upstart (UPST 44.20%) were surging today after the struggling consumer lending platform posted better-than-expected results in the second quarter and offered upbeat guidance for the third quarter, showing that the business may finally be returning to growth. As of 12:51 p.m. ET, the stock was up 48.6%. Upstart bounces back Upstart, which uses an AI-based model to screen prospective lenders to better assess creditworthiness an ...