BLND up 21%. Continue its upward run after strong earnings.

Shares of Blend Labs Inc (BLND) are trading 27% higher at a price of $3.345 at the time of this writing. The stock is outpacing peers in a down day for the Information Technology sector. The stock is likely moving on it's earning reports as they reported a revenue increase of 104% beating analyst estimates by $5.58M.

Blend Labs Inc has been trading between a 52-week high of $20.35 and a 52-week low of $2.17 and is currently trading near the bottom of that range. The stock has a market cap of $770 Million.

Blend’s cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. Its technology is used by Wells Fargo, U.S. Bank, and over 290 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Through its software, Blend enables its customers to process an average of more than $5 billion in loans per day, helping consumers get into homes and gain access to the capital they need to lead better lives.