Here's Why Upstart Stock Soared to a New All-Time High on Wednesday

Motley Fool2021-08-19

What happened The stock of Upstart Holdings(NASDAQ:UPST) has been on fire lately and is continuing its stellar performance on Wednesday. As of closed, it was more than 6% higher after rallying as much...

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EuGin
2021-08-26
EuGin
Like please!
OO_898
2021-08-19
OO_898
Good to know [Cool]

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As of closed, it was more than 6% higher after rallying as much...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/18/heres-why-upstart-soared-to-a-new-all-time-high-on/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Upstart Stock Soared to a New All-Time High on Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Upstart Stock Soared to a New All-Time High on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/18/heres-why-upstart-soared-to-a-new-all-time-high-on/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nThe stock of Upstart Holdings(NASDAQ:UPST) has been on fire lately and is continuing its stellar performance on Wednesday. As of closed, it was more than 6% higher after rallying as much...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/18/heres-why-upstart-soared-to-a-new-all-time-high-on/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPST","symbol_name":"Upstart Holdings, Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/08/18/heres-why-upstart-soared-to-a-new-all-time-high-on/","article_id":"1198655561","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198655561","pubTimestamp":1629341487,"sourceInfo":null,"weMediaInfo":null,"summary":"The fintech disruptor has delivered remarkable returns but continues to climb.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"translate_title":"这就是为什么新贵股票在周三飙升至历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPST":0.9},"content_text":"What happened\nThe stock of Upstart Holdings(NASDAQ:UPST) has been on fire lately and is continuing its stellar performance on Wednesday. As of closed, it was more than 6% higher after rallying as much as 10% earlier in the session.\nIt's worth noting that this is just the latest move higher. Upstart reported its earnings last week and gained about 25% after the report. Then, analyst upgrades and market optimism continued to push the stock higher. In all, it has gained more than 90% over the past month, and is now trading for roughly 11 times its initial public offering price from just nine months ago.\nSo what\nThere are a couple of likely reasons we're seeing Upstart's stock move higher yet again, but one in particular stands out. In addition to continued optimism among analysts, market commentators, and other industry professionals, Upstart just announced that it was raising $575 million in fresh capital through a convertible bond offering.\nIn a nutshell, the company is issuing these bonds and paying a minuscule 0.25% interest rate on the debt, a tremendously advantageous cost of capital. The bonds will mature in 2026 and will be convertible to stock at a price of $285.26 per share.\nNow what\nThis bond issuance could potentially dilute current shareholders, but only if the stock rises over 30% from its current price. And in the meantime, Upstart is getting a ton of capital to build out its red-hot artificial-intelligence powered lending platform for next to nothing. 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