Description
⋅ Talk about a fall from grace…
After rallying 460% from May to August, the high-tech automotive finance company fell 57% in a week!
The stock was murdered.
Yet, even at half off, investors are not enticed to buy. UPST cannot rally – a clear sign that institutions have no interest in the stock.
This is Stage 3 action (heavy institutional selling), and I would be shocked if the stock did not continue lower in a prolonged Stage 4 decline.