Upstart Holdings Stock Plummets 18.77% with $425 Million Turnover Ranking 343rd in Market Volatility

On April 3, 2025, Upstart Holdings, Inc. (UPST) experienced a significant decline in its stock price, falling by 18.77%. The trading volume for the day was substantial, with a turnover of $425 million, making it the 343rd highest in the market that day.

Upstart's stock has been under pressure recently, with investors concerned about the company's growth prospects. The stock had been on a downward trend for the past six days, and there were expectations that it might snap this losing streak. However, the recent announcement of sweeping tariffs by President Donald Trump added to the market's volatility, causing further declines in Upstart's stock price.

Upstart's stock has historically been a market favorite, quickly rising to highs after its public debut. However, the company has faced challenges as growth began to slow down, leading to a significant drop in its stock price. The recent tariff announcements have added to the uncertainty surrounding the company's future prospects, as investors worry about the potential impact on global trade flows and economic growth.

Upstart's stock price has been particularly sensitive to broader economic trends, and the recent tariff announcements have exacerbated concerns about the company's ability to navigate a challenging economic environment. The tariffs are likely to slow economic growth, drive up consumer prices, and spark retaliatory measures, all of which could have a negative impact on Upstart's business.