What's Going On With SoFi Technologies Shares?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares have gained over 45% in the last three months, driven by recent legislative and judicial developments. The stock has seen increased volatility following the recent debt ceiling deal and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. Retail investors have shown interest in SOFI, and the stock is frequently listed in the top trending tickers on StockTwits and Twitter. SOFI also has considerable short interest with over 15% of available shares currently being sold short.
July 03, 2023 | 3:35 pm
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SoFi Technologies' stock has gained over 45% in the last three months, driven by recent legislative and judicial developments. The stock has seen increased volatility and has considerable short interest.
The recent legislative and judicial developments have had a positive impact on SoFi Technologies' stock, leading to a gain of over 45% in the last three months. The stock has seen increased volatility, which could be due to the recent debt ceiling deal and the U.S. Supreme Court ruling to block President Biden's plan to cancel $430 billion in student debt. Additionally, the stock has considerable short interest, with over 15% of available shares currently being sold short, indicating a potential for a short squeeze.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100