What's Going On With SoFi Technologies Stock?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are volatile after the U.S. Supreme Court blocked President Joe Biden's plan to cancel $430 billion in student debt. The decision could impact SoFi's student loan refinancing business. Despite this, SoFi shares have risen over 22% since the agreement on the debt ceiling deal and the stock was the top trending ticker on StockTwits.
June 30, 2023 | 4:02 pm
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SoFi's shares are volatile due to the Supreme Court's decision to block the student debt cancellation plan. This could impact SoFi's student loan refinancing business.
The Supreme Court's decision to block the student debt cancellation plan could negatively impact SoFi's student loan refinancing business, as fewer people may need to refinance their loans. This could lead to a decrease in SoFi's revenue and profitability, which could negatively impact its stock price.
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