Upstart Holdings Inc is trading 5.1% down today at $30.62 as growth and technology stocks face a broad market selloff.
- The Nasdaq Composite has declined approximately 1.8%, weighing on high-growth names despite Upstart's recent rebound following strong May loan origination data.
- Sentiment remains pressured by ongoing securities-fraud class action lawsuits and investor concerns regarding the company's Model 22 performance.