SoFi ( (SOFI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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SoFi Technologies’ stock movement has been influenced by the anticipation of its upcoming earnings report and a bullish market sentiment, as indicated by a low put/call ratio. The recent pullback followed a strong rally, with a notable surge in call trading volume and increased implied volatility. Additionally, adjustments in investor portfolios, including Cathie Wood’s trimming of tech favorites, have also played a role in impacting SoFi’s stock performance.
More about SoFi
YTD Price Performance: 99.65%
Average Trading Volume: 71,034,694
Technical Sentiment Signal: Buy
Current Market Cap: $34.02B
For further insights into SOFI stock on TipRanks’ Stock Analysis page.
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