Upstart Stocks are Down 75% From its High ?

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Upstart Holdings ( UPST -2.80% ) is a good example of irrational exuberance in action.

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Throughout 2021 a flurry of excitement surrounding the fintech pushed its share price higher by leaps and bounds.

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In mid-October the stock peaked at $401.49 per share, representing a 1,907% return since its IPO less than a year earlier.

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However, despite strong financial results, concerns regarding valuation have since brought the stock crashing back to earth, and shares currently trade 78% below their all-time high.

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