Traders Flee These 10 Stocks Today

8. Upstart Holdings, Inc. (NASDAQ:UPST)

Upstart Holdings dropped its share prices by 7.66 percent on Thursday to finish at $47.39 apiece amid the lack of fresh developments from its recently organized AI Day.

Upstart Holdings, Inc. (NASDAQ:UPST) hosted its first-ever AI Day investor event in New York City, where investors hungry for fresh catalysts expected more concrete plans to buoy shares in the company.

Last week, Upstart Holdings, Inc. (NASDAQ:UPST) earned lower price targets from two investment firms, Needham and Piper Sandler, at $70 and $69, respectively.

Meanwhile, JP Morgan reaffirmed its Neutral rating and gave the stock a price target of $79.

During the first quarter of the year, Upstart Holdings, Inc.’s (NASDAQ:UPST) narrowed its net loss by 96 percent to $2.4 million from $64.6 million in the same period last year.

Revenues expanded by 67.7 percent to $213 million from $127 million year-on-year.