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Barchart
Barchart
Sneha Nahata

SoFi Stock Gains Momentum Before Q1 Earnings — What to Expect?

SOFI Stock

SoFi (SOFI) stock has experienced significant volatility in recent months. Shares of the financial technology company have declined 40.7% from the 52-week high, due to its high valuation and concerns about equity dilution following recent capital raises. These concerns have been compounded by persistent geopolitical tensions and an uncertain economic backdrop.

Despite this backdrop, sentiment around SoFi stock has shifted ahead of its first-quarter earnings release on April 29. The stock has rebounded 18.5% over the past week, suggesting renewed investor confidence.

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