Over 1 Year Ago
1 Min Read

SOFI is making big moves today. Find out why the stock is trading -9% lower:



 SoFi Technologies, Inc. (SOFI) is trading -9% lower at $6.905 today. The Financials sector is having a generally mildly bearish day, this hasn't really affected the stock's share price, as it lagging other names in the space.

  • Knocked down by rising interest rates and inflation 
  • CEO Anthony Noto: "The depth and breadth of our portfolio allows us to allocate resources toward the best growth opportunities across our diverse offerings."

SoFi Technologies, Inc. has been trading between a 52-week high of $24.65 and a 52-week low of $4.82. The stock has a market cap of $6.37 Billion.

SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing.

Headlines


Why Shares of Affirm, SoFi, and Upstart Are Falling Today
The Motley Fool 08-17-22

Where Will SoFi Stock Be In 5 Years?
Seeking Alpha 08-17-22

Avoid SOFI Stock Like the Plague
InvestorPlace 08-17-22

Why Upstart, SoFi, and Lemonade Shares Initially Plunged, Then Rocketed Higher Today
The Motley Fool 08-16-22

Peering Into SoFi Technologies Recent Short Interest
Benzinga 08-16-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Bdonn_88 - 7 upvotes - source
Sold roughly 1/3 of my BBBY at $24ish and used it to buy $GOEV (super lucky didn’t expect AH), $FUBO, $BNGO, $SOFI and $CLOV. Those last 2 are just volatility plays due to insanely low IV and dated a month out. $GOEV was supposed to be a volatility play as well but looks like it’s just gonna play tomorrow lol Holding the remaining 2/3 $BBBY to see it run again tomorrow and possibly Thursday

VisualMod - 4 upvotes - source
#Ban Bet Won --- /u/dmc25 (1W/0L) made a bet that SOFI would go to 7.0 when it was 7.5 and it did, congrats gigabrain.

thesaddestcuck - 3 upvotes - source
Bye bye SOFI Hey that rhymes ![img](emote|t5_2th52|4271)

Dirtyworms26 - 3 upvotes - source
SOFI stock

Gullwing16 - 3 upvotes - source
SoFi yo

Kooky-Citron-4537 - 3 upvotes - source
really tempted to sell -50% sofi for some memes

dmc25 - 2 upvotes - source
SOFI digging for oil

IndependentCorner312 - 2 upvotes - source
Sofi on the daily looks super interesting

Zachjsrf - 2 upvotes - source
SOFI $9c 9/16 lots of volume

Zachjsrf - 2 upvotes - source
TLRY $7c Jan 2023 or SOFI $9c 9/16 you're welcome