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Shares of SoFi Technologies (SOFI 7.12%) have been ripping higher. In the past 12 months, they have skyrocketed 198% (as of Aug. 20).
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SoFi Technologies, Inc. (SOFI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SOFI broke through the 50-day moving average, which suggests a short-term bullish trend.
The stock price of SoFi Technologies (NASDAQ:SOFI) has increased by 60% this year, primarily due to the company's announcement regarding new cryptocurrency investment options. This raises an important question: is the stock still a worthwhile investment?
SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company has targeted 30% member growth and 20% revenue growth.
SoFi Technologies Inc SOFI shares rebounded on Thursday, shaking off volatility from the previous session to close higher.
SoFi's solid Q2 results, fueled by 43% revenue growth and record loan originations, position it as a rising fintech super app in 2025.
Fintechs are selling off during a sleepy week on Wall Street. The Nasdaq Composite index and the largest fintech ETF are both down.
Personal finance company SoFi is set to debut an international money transfer service. This service, the company announced Tuesday (Aug. 19), will operate directly from the SoFi app in partnership with crypto infrastructure provider Lightspark.