About SoFi Technologies, Inc. - Common Stock (SOFI)
SoFi Technologies Inc is a financial technology company that provides a range of services aimed at helping consumers manage their finances and achieve their financial goals. The company offers products such as personal loans, mortgages, credit cards, investment services, and student loan refinancing, all designed to simplify the borrowing and investing process. In addition to its financial products, SoFi also features a social network for members to connect and share financial insights, as well as educational resources to empower individuals in making informed financial decisions. Overall, SoFi seeks to disrupt traditional financial systems by leveraging technology to create a more accessible and user-friendly financial experience. Read More
SoFi shares are trading marginally lower Friday morning, but still up 5.7% for the week. The stock has been extending a recent rally powered by strong guidance.
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SoFi stock is surging over 5% Wednesday afternoon. The stock is being fueled by a combination of strong company guidance and potentially a favorable macroeconomic environment.
SOFI stock is up more than 25% in the last three months, but despite the company overcoming numerous obstacles, a P/E ratio of 40x may cap further upside
SoFi Technologies, Inc. (NASDAQ: SOFI) unveiled “The Cost of Admission 2025” report, a national survey of 3,500 students, graduates, and parents examining how Americans are navigating the cost, value, and shifting perceptions of higher education. Amid changing economic conditions and new federal student loan policies, the report offers a cultural snapshot of how families are paying for college and evaluating its return on investment. As a leader in student lending, SoFi pairs these insights with expert advice and practical solutions—reinforcing its commitment to education as a key step on the path to financial independence.
The company and its shareholders sold 32 million shares at $27 per share. The IPO price was slightly higher than the earlier marketed range of $24 to $26 per share.
A bullish growth outlook and a key technical breakout pattern are potentially fueling SoFi's surge Wednesday. With high short interest, the stock is now trading above $15.
