SoFi Technologies Stock Sinks on Soft Guidance
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SoFi Technologies' stock dropped by 10% due to lower-than-expected future guidance, influenced by macroeconomic assumptions.
January 27, 2025 | 3:30 pm
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SoFi Technologies' stock fell 10% as the company issued guidance that was below expectations, influenced by macroeconomic assumptions.
The 10% drop in SoFi's stock price is directly linked to the company's announcement of lower-than-expected guidance. This guidance is based on macroeconomic assumptions, which likely indicates concerns about future revenue growth or profitability. Such announcements typically lead to negative investor sentiment and a decrease in stock price.
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