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Seeking Alpha 2021-11-13 13:21:00

Chinese fintech 360 DigiTech leads week's financial gainers; Upstart dips the most

In this week's financial gainers, two Chinese fintech names rebound from months of weakness triggered by the country's new data privacy law, two U.S. financial firms rise after reporting dividend news, and a bitcoin miner advances during the week that the world's most popular cryptocurrency touches a fresh record high. In the decliners' bucket, two lending software names fall the most over the week. 360 DigiTech (NASDAQ:QFIN) climbs the most, rising 27% for the week ended Nov. 12 (among financial/crypto names with market caps over $2B), with no specific news for the company; two weeks ago, QFIN was among the biggest decliners. The next four stocks making the biggest gains are: Jackson Financial (NYSEARCA:FXN) gains 21% after initiating a dividend and starting a $300M share buyback program; the stock has only been trading since Sept. 1, when it was spun off from U.K.'s Prudential Plc; Marathon Digital Holdings (NASDAQ:MARA) jumps 19% during the week that bitcoin

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