What's Going On With SoFi Stock Today?
Portfolio Pulse from Ryan Gustafson
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher today. The stock has been volatile since the U.S. Supreme Court blocked Biden's student loan forgiveness program, causing a nearly 10% drop. However, the stock has shown signs of recovery. Over 15% of available shares are currently being sold short. The company has received several price target changes throughout the month, ranging from $3 to $14. SoFi is set to report its Q2 earnings on July 31.
July 10, 2023 | 6:02 pm
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SoFi's stock has been volatile due to the blocking of Biden's student loan forgiveness program. The stock has shown signs of recovery and is trading higher today. Over 15% of shares are being sold short. The company's Q2 earnings report is due on July 31.
The blocking of Biden's student loan forgiveness program has caused volatility in SoFi's stock as the company is involved in student loan refinancing. However, the stock has shown signs of recovery and is trading higher today. The high short interest indicates that many investors are betting on the stock's decline. The upcoming Q2 earnings report could also influence the stock's performance.
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