SoFi Stock Dropped Another 5% on Monday. Why Is the Market So Bearish?

By Jose Najarro – May 16, 2023 at 9:15AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(-0.42%) -$0.03

Current Price

$7.13

Price as of April 18, 2024, 4:00 p.m. ET

SoFi stock was downgraded on Monday, causing its stock price to dive, but there is some bullish news for investors.

Is there any reason to remain bullish on SoFi Technologies (SOFI -0.42%)? Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of May 15, 2023. The video was published on May 15, 2023.

Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.