What's Going On With SoFi Technologies Shares?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares have risen over 12% in the past five days, influenced by Jim Cramer's bullish stance on CNBC's 'Mad Money Lightning Round' and a new deal with Blockchain.com to migrate SoFi's U.S. crypto accounts to Blockchain.com's platform. The stock is currently trading above its 50-day moving average but below its 52-week high.

December 04, 2023 | 4:44 pm
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POSITIVE IMPACT
SoFi Technologies' stock has seen a significant increase following positive comments from Jim Cramer and a partnership deal with Blockchain.com for crypto account migration.
The positive endorsement from a high-profile figure like Jim Cramer can lead to increased investor confidence and buying pressure, contributing to the stock's rise. The partnership with Blockchain.com is likely to be viewed as a strategic move to enhance SoFi's crypto offerings, potentially attracting more users and increasing revenue in the long term. The stock's performance above its 50-day moving average is a bullish technical indicator, while still being below the 52-week high suggests room for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100