Here's Why SoFi Shares Are Moving
Portfolio Pulse from Henry Khederian
SoFi Technologies shares are trading lower by 2.45% amid profit-taking, following a surge in the stock due to a tentative debt limit agreement that would reinstate student loan payments. The CARES Act's temporary suspension of student loan repayments is set to conclude, requiring borrowers to resume repayments starting from August 29, 2023.
June 01, 2023 | 1:56 pm
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SoFi shares are trading lower by 2.45% amid profit-taking, following a surge in the stock due to a tentative debt limit agreement that would reinstate student loan payments.
SoFi Technologies' stock price is being impacted by the tentative debt limit agreement, which would reinstate student loan payments. This news has led to profit-taking by investors, causing the stock to trade lower by 2.45%. As the company is directly affected by the student loan market, this news is highly relevant and important for investors in SoFi.
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IMPORTANCE 80
RELEVANCE 100