Lending Stock Pops on Billion-Dollar Expansion Deal
SOFISoFi Technologies(SOFI) Schaeffers Investment Research·2024-10-15 02:01

Consumer lending name SoFi Technologies Inc (NASDAQ:SOFI) is charging higher this afternoon, following an announcement that the company has struck a $2 billion expansion deal with Fortress Investment Group. In response, SOFI is up 10% to trade at $9.99, at last glance. Thanks today's bull gap, SoFi Technologies stock is now fighting resistance at the $10 level, while also managing a climb into the black for 2024. The shares have added 22% over the past 12 months and added 65% since its August bottom. So far ...