Why Upstart Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Benzinga ·  May 9 01:38

Shares ofUpstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.

Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro.

Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million.

Upstart shares dipped 10.3% to $21.96 on Wednesday.

Here are some other stocks moving in today's mid-day session.


  • Reborn Coffee, Inc. (NASDAQ:REBN) shares jumped 132.9% to $4.0297 after the...
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