Why Is SoFi Stock Plummeting Today?

By Neil Rozenbaum – Mar 5, 2024 at 10:15AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(3.69%) $0.28

Current Price

$7.87

Price as of April 26, 2024, 4:00 p.m. ET

This might be a buy-the-dip opportunity.

In this video, I will explain why SoFi Technologies (SOFI 3.69%) dropped 10% on Tuesday when the market opened and why I remain extremely bullish on the long-term trajectory of the company.

*Stock prices used were from the trading day of March 5, 2024. The video was published on March 5, 2024.

Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.