What's Going On With SoFi Technologies Stock?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading lower, continuing a downward trend from the last five days. The company's shares are down more than 15% over this period. Several company insiders, including the chief risk officer, chief marketing officer, and president, have sold large amounts of SoFi stock. Despite this, CNBC's Jim Cramer has recommended buying SoFi Technologies' stock. The stock is experiencing heavy trading volume.
November 09, 2023 | 6:13 pm
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SoFi Technologies' stock is trading lower, with a more than 15% drop over the last five days. Several company insiders have sold large amounts of stock, potentially contributing to the downward trend.
The stock's downward trend and the selling of large amounts of stock by company insiders suggest a negative short-term impact. However, CNBC's Jim Cramer's recommendation to buy could potentially mitigate this impact.
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