Why Upwork Shares Are Seeing Blue Skies On Wednesday?

Benzinga_recent_news02-19

Upwork Inc. (NASDAQ:UPWK) shares are up on Wednesday following the announcement of a new $300 million share repurchase program. This news comes as the broader market is experiencing positive momentum...

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(NASDAQ:UPWK) shares are up on Wednesday following the announcement of a new $300 million share repurchase program. \nThis news comes as the broader market is experiencing positive momentum...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/02/50698875/why-upwork-shares-are-seeing-blue-skies-on-wednesday\">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":"SMA","symbol_name":"Smartstop Self Storage REIT Inc","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/02/50698875/why-upwork-shares-are-seeing-blue-skies-on-wednesday","article_id":"2612423614","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/18/New-Delhi--India---February-04--2020-Usi.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/26/02/50698875/why-upwork-shares-are-seeing-blue-skies-on-wednesday","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612423614","pubTimestamp":1771441020,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Upwork Inc. (NASDAQ:UPWK) shares are up on Wednesday following the announcement of a new $300 million share repurchase program.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMA":"Smartstop Self Storage REIT Inc","UPWK":"Upwork Inc.","BK4130":"人力资源与就业服务","BK4217":"自存仓储房地产信托"},"translate_title":"为什么Upwork股价周三出现蓝天？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPWK":1,"SMA":1},"content_text":"Upwork Inc. (NASDAQ:UPWK) shares are up on Wednesday following the announcement of a new $300 million share repurchase program. \nThis news comes as the broader market is experiencing positive momentum, with major indices like the Nasdaq and S&P 500 showing gains.\nThe board of directors at Upwork approved the share repurchase program, which follows a previous $136 million share repurchase in 2025. \nThis initiative reflects the company’s commitment to enhancing shareholder value while continuing to invest in growth areas such as AI and small to medium-sized businesses.\nAdditionally, CEO Hayden Brown highlighted that 2025 was a pivotal year for Upwork, noting a return to gross services volume (GSV) growth and record financial results. The company aims to accelerate GSV and revenue growth as it adapts to the evolving work landscape in the AI era.\nUpwork repurchased two million shares in the fourth quarter for $34 million. As of Dec. 31, 2025, the company had $64 million remaining on its buyback. \nThe broader market is experiencing gains, with the Technology sector up 1.51% today. Upwork’s rise aligns with this positive trend, suggesting that investor sentiment is buoyed by broader market conditions.\nCurrently, the stock is trading 23.4% below its 20-day simple moving average (SMA) and 24.4% below its 100-day SMA, indicating a bearish trend in the short to medium term. Over the past 12 months, shares have decreased by 17.01%, and they are positioned closer to their 52-week lows than highs.\nThe RSI is at 25.05, which is considered oversold territory, suggesting that the stock may be due for a rebound. Meanwhile, the MACD is at -1.7564, below its signal line at -1.0026, indicating bearish pressure on the stock.\nThe combination of an oversold RSI and bearish MACD suggests mixed momentum, indicating that while the stock is oversold, the overall trend remains negative.\nUpwork Inc. Common Stock is slated to provide its next financial update on May 4, 2026.\nAnalyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $21.33. Recent analyst moves include:\nBelow is the Benzinga Edge scorecard for Upwork, highlighting its strengths and weaknesses compared to the broader market:\nThe Verdict: Upwork’s Benzinga Edge signal reveals a strong growth potential but weak momentum. Investors should be cautious, as the stock’s current performance may not reflect its underlying value proposition.\nSignificance: Because UPWK carries significant weight in these ETFs, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.\nUPWK Price Action: Upwork shares were up 6.90% at $13.64 at the time of publication on Wednesday, according to Benzinga Pro data.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612423614","isCrawlerRequest":true}