Upstart Holdings (UPST) Stock Jumps After CEO’s $1.38 Million Buy — Why It Matters Now
Upstart Holdings shares rose 10.1% to $29.71 Thursday after CEO Paul Gu bought 50,000 shares for $1.375 million, according to an SEC filing. Gu took over as CEO May 1. The company reported first-quarter loan originations up 61% to $3.4 billion, but net loss widened to $6.6 million.