What's Going On With SoFi Technologies Stock?
Portfolio Pulse from Adam Eckert
SoFi Technologies Inc's shares are trading slightly lower. The company's subsidiary, Galileo Financial Technologies, announced its Buy Now, Pay Later offering can now be offered by lenders as an option for small business clients. This is part of its partnership with Mastercard. Jim Cramer on CNBC's 'Mad Money' recommended buying and holding SoFi shares. SoFi is set to report its third-quarter financial results this week.
October 05, 2023 | 1:06 pm
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NEUTRAL IMPACT
SoFi's shares are trading lower after the announcement of a new offering by its subsidiary, Galileo. Jim Cramer's recommendation to buy and hold SoFi shares may influence investor sentiment. The upcoming Q3 results could also impact the stock.
The new offering by Galileo could attract more clients and increase revenues, potentially boosting SoFi's stock. However, the stock is currently trading lower. Jim Cramer's recommendation could positively influence investor sentiment. The upcoming Q3 results could either positively or negatively impact the stock, depending on the financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100