SoFi shares are trading lower, reversing after initially rising on better-than-expected Q3 financial results.
Portfolio Pulse from Benzinga Newsdesk
SoFi shares initially rose on better-than-expected Q3 financial results but later reversed and traded lower.
October 29, 2024 | 2:37 pm
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SoFi shares initially increased due to better-than-expected Q3 financial results but later reversed and traded lower.
Despite the positive Q3 financial results, the reversal in SoFi's stock price suggests that investors may have concerns beyond the earnings report, leading to a short-term negative impact on the stock price.
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