Upstart Holdings, Inc. (NASDAQ:UPST) are trading higher today. Here's what you need to know.
What To Know: Upstart Holdings has seen a lot of options activity in the last few days. Of these, 70% were bullish, involving calls totaling $489,292, while the remaining 30% were bearish with puts totaling $27,019. The detected trades suggest that major investors are focusing on a price range between $24.50 and $40.
AMOCO Partnership: Last week, Upstart announced a new partnership with AMOCO Federal Credit Union, a Texas-based financial cooperative with over 106,000 members and $1.4 billion in assets.
This collaboration aims to provide personal loans to AMOCO's members through Upstart's AI-driven lending platform. This strategic alliance is expected to expand Upstart's reach and enhance its service offerings, further boosting investor confidence.
UPST Price Action: Upstart Holdings stock rose by 9.94% to $40.47 at market close Monday, according to Benzinga Pro.
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