SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower on Tuesday, despite a lack of company-specific news for the session. The downward momentum continues a difficult five-day period for the fintech company, which has seen its stock slide over 12%. Here’s what investors need to know.
What To Know: While Morgan Stanley on Tuesday raised its price target on SoFi to $18, the firm maintained its Underweight rating on the stock. This bearish stance from a major Wall Street firm may be fueling investor concerns and contributing to the pullback.
