Does Upwork, Inc. (UPWK) stock go up or down depending on the month?
Upwork, Inc. month by month, year by year
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.1% | -33.0% | -18.3% | -5.6% | -14.8% | -5.2% | +9.6% | |||||
| 2025 | -3.6% | +1.1% | -18.1% | +0.8% | +17.8% | -13.2% | -11.0% | +28.7% | +20.7% | -14.2% | +23.8% | +0.4% |
| 2024 | -7.8% | -4.4% | -6.4% | -4.6% | -9.7% | +1.7% | +12.7% | -20.5% | +8.4% | +29.8% | +25.1% | -3.7% |
| 2023 | +24.1% | -12.5% | -0.2% | -15.5% | -14.3% | +13.9% | +11.7% | +42.0% | -23.3% | -8.0% | +34.8% | +5.5% |
| 2022 | -20.4% | -7.1% | -8.1% | -9.8% | -13.0% | +13.3% | -10.3% | -6.3% | -21.7% | -1.2% | -8.9% | -14.8% |
| 2021 | +20.1% | +30.0% | -16.9% | +2.9% | +2.2% | +23.8% | -11.2% | -13.7% | +0.7% | +4.6% | -20.9% | -8.3% |
| 2020 | -14.0% | -5.7% | -25.5% | +29.1% | +49.3% | +16.1% | +4.0% | +1.4% | +14.5% | +5.8% | +77.3% | +5.5% |
| 2019 | +6.6% | +22.7% | -19.2% | +4.4% | -25.1% | +7.3% | +2.2% | -12.0% | -8.0% | +13.0% | -22.5% | -8.4% |
| 2018 | -3.0% | -2.8% | ||||||||||
| Average | +0.8% | -1.1% | -14.1% | +0.2% | -0.9% | +7.2% | +1.0% | +2.8% | -1.2% | +4.3% | +13.2% | -3.3% |
| % of years up | 50% | 38% | 0% | 50% | 38% | 75% | 63% | 43% | 57% | 57% | 50% | 38% |
| Years observed | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 8 | 8 |
Upwork, Inc. month by month: the summary
Over 2018-2026, here's what Upwork, Inc. (UPWK) stock did each month, on average: January +0.8% (up 50% of 8 years), February -1.1% (up 38% of 8 years), March -14.1% (up 0% of 8 years), April +0.2% (up 50% of 8 years), May -0.9% (up 38% of 8 years), June +7.2% (up 75% of 8 years), July +1.0% (up 63% of 8 years), August +2.8% (up 43% of 7 years), September -1.2% (up 57% of 7 years), October +4.3% (up 57% of 7 years), November +13.2% (up 50% of 8 years), December -3.3% (up 38% of 8 years). In other words, UPWK historically rose in January, April, June, July, August, October, November, and fell in February, March, May, September, December.
Does Upwork, Inc. really go up in November?
Over 2018-2026, November is Upwork, Inc.'s strongest month: +13.2% on average, positive in 4 of 8 years. At the other end, March shows -14.1%. But a monthly gap is often built on one or two extreme years — the table above shows it: look at the spread, not just the average. Seasonality only means something when it has a cause (selling season, earnings calendar, year-end tax effects); with no identified cause, it's probably noise.
Frequently asked questions
Does Upwork, Inc. stock go up or down in June?
Over 8 years, UPWK rose +7.2% on average in June, finishing the month up 6 times out of 8 (75%). Median: +10.3%. It's one of its most consistent months. ⚠️ 8 years of data is not a prediction.
Does Upwork, Inc. stock go up or down in August?
Over 7 years, UPWK rose +2.8% on average in August, finishing the month up 3 times out of 7 (43%). Median: -6.3%. Results are split year to year — there's no clear pattern. ⚠️ 7 years of data is not a prediction.
Does Upwork, Inc. stock go up or down in October?
Over 7 years, UPWK rose +4.3% on average in October, finishing the month up 4 times out of 7 (57%). Median: +4.6%. Results are split year to year — there's no clear pattern. ⚠️ 7 years of data is not a prediction.
Does Upwork, Inc. stock go up or down in December?
Over 8 years, UPWK fell -3.3% on average in December, finishing the month up 3 times out of 8 (38%). Median: -3.2%. Results are split year to year — there's no clear pattern. ⚠️ 8 years of data is not a prediction.
Does Upwork, Inc. stock go up or down in September?
Over 7 years, UPWK fell -1.2% on average in September, finishing the month up 4 times out of 7 (57%). Median: +0.7%. Results are split year to year — there's no clear pattern. ⚠️ 7 years of data is not a prediction.
Does Upwork, Inc. stock go up or down in February?
Over 8 years, UPWK fell -1.1% on average in February, finishing the month up 3 times out of 8 (38%). Median: -5.1%. Results are split year to year — there's no clear pattern. ⚠️ 8 years of data is not a prediction.
What is the best month to buy Upwork, Inc. stock?
Historically, November: over the last 9 years, UPWK gained +13.2% on average that month and finished up 50% of the time (8 years observed). March is the weakest month (-14.1%). This is not a prediction: 9 years is a small sample, and the past is under no obligation to repeat.
Why does Upwork, Inc. stock often rise in November?
November has averaged as its best month over 9 years (+13.2%, up 50% of years). No clearly established recurring seasonal driver explains this month — it's a statistical tendency over 9 years of history, not a prediction.
Is there a best month to invest in the stock market in general?
There's no universal rule: every stock has its own seasonality. For UPWK it's November (+13.2% on average over 9 years) — another stock will look completely different. The calendar effects people cite ("sell in May", the year-end rally) are market-wide averages, not laws: on UPWK, June is the most consistent month (75% positive years). We also rank all 12 months for the whole market.
Does stock seasonality actually work?
Careful. A month that rose 9 times out of 9 can simply be chance: with 12 months and a dozen years, patterns appear naturally even in random data. Seasonality describes what happened; it doesn't explain why and predicts nothing. Treat it as context, never as a standalone buy signal.
What data is this table based on?
On UPWK's real monthly closing prices from 2018 to 2026 (9 years), source Yahoo Finance. Each cell = the price change over that month. Price performance, excluding dividends. Incomplete months and quote gaps are excluded.