Several fintech stocks under pressure in recent months are bouncing up in Friday trading, among them Paysafe (PSFE+1.9%), Robinhood Markets (HOOD+2.9%), Blend Labs (BLND+4.1%), and SoFi Technologies (SOFI+0.8%).
Upstart Holdings (UPST-1.8%), though, still gets no love from investors. It has declined 40% for the month.
Blend Labs (NYSE:BLND), down 37% on the month, rises the most of the group. Robinhood (NASDAQ:HOOD) sank 42% for the month, and SoFi dropped 34% during that same period. See the group's decline in the graph below.
Paysafe (NYSE:PSFE) dropped ~15% in the past month; while it has made some progress from its all-time low of $3.18 touched on Dec. 6, the stock is still trading ~63% below its 200-day simple moving average of $10.03 as seen in graph below.
Looking at the 200-day SMA of the others: Upstart (NASDAQ:UPST) traded 23% below, Robinhood (HOOD) is off 5.4%, SoFi (NASDAQ:SOFI) is at -19%; Blend (BLND), which only started trading on July 16, is 49% below its 100-day SMA.