Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Upstart And Robinhood Markets Shares Are Falling

Upstart Holdings Inc (NASDAQ:UPST) and Robinhood Markets Inc (NASDAQ:HOOD) are trading lower by 14% at $92.00 and 4.6% at $13.06, respectively. Shares of several banks and financial services companies, like Upstart, are trading lower amid overall US market weakness. Multiple stocks in the sector reported worse-than-expected quarterly earnings last week.

Traders and investors should note Robinhood Markets reports fourth-quarter earnings on Thursday, January 27, after market close.

Upstart provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company is primarily comprised of fees paid by banks.

Robinhood Markets is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.

Upstart has a 52-week high of $401.49 and a 52-week low of $42.51.

Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $12.77.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.