The Latest Breaking News from SOFI

While SoFi has lost over a third of its market cap in the first half of 2024, it looks like a beaten-down growth stock that could rebound in the back half of the year.

A notable development in SoFi stock sees Qatar’s fund selling its stake, while the CEO purchases approximately $797k worth of shares shortly after. These contrasting actions reflect varying outlooks on SoFi’s future prospects and its competitive positioning in the financial market.

SoFi will release its earnings on Monday. Is the fintech stock a buy now after collapsing almost 21% in 2024?

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Volatility returned as market participants adjusted their expectations for rate cuts.

Some analysts expect the S&P 500 Index to rally further from these levels. SoFi and Disney look like two underperforming stocks to buy now and bet on a rebound.

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With a 2024 loss approaching 30%, former SPAC name SoFi is among the worst-performing stocks this year. However, Truist thinks the stock can nearly double from these levels. Here's the forecast for this fintech company after its recent sell-off.

SoFi Technologies stock got slammed on Tuesday after it announced issuing $750 million in convertible notes. SOFI shares fell 15% on the news. In Wednesday’s trading, several SOFI call options were unusually active. Two of them are worth considering.