RTTNews | Jan 24, 2022 09:56AM EST

09:55 Monday, January 24, 2022 (RTTNews.com) - Shares of Upstart Holdings, Inc. (UPST) are slipping over 12% on Monday morning, as the AI-powered lending platform's stock continues to fall.

UPST is currently trading at $81.53, down $11.19 or 12.07%, on the Nasdaq. The stock has traded between $42.51 and $401.49 in the past 52-week period. The stock has dropped nearly 80% from the $401 per share price high in mid-October.

Upstart Holdings operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

Read the original article on RTTNews ( https://www.rttnews.com/3256757/upstart-holdings-stock-continues-to-fall-down-12.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved