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The results were great, but a surprising source of stock buyers may not really want to own shares at all.
In this video, Motley Fool contributor Jason Hall breaks down SoFi Technologies' (SOFI 3.69%) great quarterly results that helped spur the stock price higher, along with the two main reasons shares surged 20% in a single day. One of the reasons may come from an unexpected source.
*Stock prices used were from the afternoon of Jan. 29, 2024. The video was published on Jan. 30, 2024.
Jason Hall has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall 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.
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