Deep-pocketed investors have adopted a bearish approach towards SoFi Technologies (NASDAQ: SOFI), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.
What a time it’s been for SoFi. In the past six months alone, the company’s stock price has increased by a massive 113%, reaching $29.16 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The financial sector is currently navigating a significant shift as the Federal Reserve initiates a series of interest rate cuts, fundamentally reshaping the operating environment for institutions ranging from large commercial banks to innovative fintech startups. The Fed recently announced its first rate reduction, lowering the federal funds rate by
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) jumped 2.8% in the morning session after Mizuho raised its price target on the stock from $26.00 to $31.00 while reiterating its 'outperform' rating.
Experts on CNBC's Halftime Report discussed top trades for the day. SoFi hit an all-time high, Clearway Energy has strong dividend yield, CrowdStrike rose sharply, and SPDR S&P Biotech ETF gained 3.1%.
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) fell 1.2% in the afternoon session after the stock pulled back following a recent rally.
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
