NASDAQ:UPST

Oportun Shares Gain on Profit Run, Questions Remain Around Credit Losses
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Oportun Shares Gain on Profit Run, Questions Remain Around Credit Losses

Oportun Financial shares rose 2.9% to $5.40 Wednesday afternoon, near their intraday high, on volume of about 191,000 shares and no recent company news. Peer lenders and small-cap benchmarks also gained. Oportun’s latest filings show first-quarter net income of $2.3 million and a net charge-off rate rising to 12.7%. The company plans a new credit model and risk-based pricing as delinquency rates edge down.
May 20, 2026

Stock Market Today

  • Cattle Prices Surge with Rainfall Boost in Australian Markets
    May 30, 2026, 2:16 AM EDT. Cattle prices in Australia have seen significant increases this week due to rainfall in key production areas, especially New South Wales. The Meat and Livestock Australia (MLA) Eastern Young Cattle Indicator (EYCI) reached its highest level since 2022, with prices rising up to 100 cents per kilogram in some saleyards. Heavy cow prices hit record highs, with saleyard prices exceeding $4.20/kg and a record $4.42/kg at Dalby. Meanwhile, Australian abattoirs processed a weekly record of 166,446 head, supporting expectations for a record beef production in 2026. Grain prices fell slightly as rain improved winter crop outlooks, benefiting feedlots now managing a record 1.62 million head of cattle on feed, reflecting continued sector confidence amid global market uncertainties.