SoFi Technologies Inc. ($SOFI) Stock Forecast: Up 5.1% Today

What is SoFi Technologies Inc.?

Asset SoFi Technologies, Inc. (SOFI) is a financial technology company that offers a range of products and services to help people achieve financial independence. Today, SOFI experienced a strong bullish movement in the market.

Why is SoFi Technologies Inc. going up?

SOFI stock is up 5.1% on Nov 8, 2024 19:16

• Positive endorsement on a financial television show likely boosted investor confidence in SOFI.
• The emphasis on momentum investing and favorable sentiment around SOFI as a top momentum pick could have attracted more buyers, driving the stock price higher.
• While significant trades were made in other stocks, they did not directly impact SOFI's performance today.
• Positive endorsements and momentum investing strategies likely fueled the bullish movement in SOFI's stock price.

SOFI Price Chart

SOFI Technical Analysis

SOFI News

Jim Cramer: This Tech Stock Is A Buy, SoFi Technologies Is Good - Jabil ( NYSE:JBL )

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Jabil Inc. JBL, adding that it is "such a good company." On Sept. 26, Jabil reported better-than-expected fourth-quarter financial results and approved a $1 billion share buyback.

https://www.benzinga.com/trading-ideas/long-ideas/24/11/41847971/jim-cramer-this-tech-stock-is-a-buy-sofi-technologies-is-good

Are You Looking For A Top Momentum Pick? Why SoFi Technologies, Inc. Is A Great Choice - SoFi Techs ( NASDAQ:SOFI )

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's ...

https://www.benzinga.com/markets/24/11/41818898/are-you-looking-for-a-top-momentum-pick-why-sofi-technologies-inc-is-a-great-choice

Are You Looking for a Top Momentum Pick? Why SoFi Technologies, Inc. ( SOFI ) is a Great Choice

Does SoFi Technologies, Inc. (SOFI) have what it takes to be a top stock pick for momentum investors? Let's find out.

https://www.zacks.com/stock/news/2366690/are-you-looking-for-a-top-momentum-pick-why-sofi-technologies-inc-sofi-is-a-great-choice

Cathie Wood's Wednesday Exodus: Moderna And Jack Dorsey's Block Stocks Get Dumped - ARK Fintech Innovation ETF ( ARCA:ARKF )

On Wednesday, Ark Invest, led by Cathie Wood, made significant trades in Moderna Inc. MRNA and Square Inc. SQ. Ark Invest removed 49,922 shares of Moderna Inc. MRNA from its ARK Genomic Revolution ETF ARKG on Wednesday. The trade is estimated to be worth $2.6 million, based on the latest closing ...

https://www.benzinga.com/markets/equities/24/11/41795194/cathie-woods-wednesday-exodus-moderna-and-jack-dorseys-block-stocks-get-dumped

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SoFi Technologies Inc. Price History

08.10.2024 - SOFI Stock was up 5.1%

• Positive endorsement on a financial television show likely boosted investor confidence in SOFI.
• The emphasis on momentum investing and favorable sentiment around SOFI as a top momentum pick could have attracted more buyers, driving the stock price higher.
• While significant trades were made in other stocks, they did not directly impact SOFI's performance today.
• Positive endorsements and momentum investing strategies likely fueled the bullish movement in SOFI's stock price.

11.09.2024 - SOFI Stock was up 5.3%

• SoFi's stock saw a positive movement today, likely influenced by optimistic market sentiment and investor interest in the company's product expansion.
• The introduction of two new credit cards by SoFi is believed to have played a part in the stock's upswing, demonstrating the company's growth and diversification within the financial services industry.
• The general market positivity following strong September employment data and robust Nonfarm Payrolls may have bolstered investor confidence in SoFi's future growth prospects.
• Observing the stock trading above the golden cross, where the 50-day moving average surpasses the 200-day moving average, might also serve as a bullish indicator for technical analysts, potentially attracting more buyers.

11.08.2024 - SOFI Stock was up 5.3%

• SOFI stock experienced a robust bullish movement today.
• The fintech industry is indicating positive growth potential for the future.
• Despite a 30% YTD slip, there is ongoing speculation about the value of purchasing SOFI stock at its current position.
• The bullish movement may be linked to the positive sentiment surrounding fintech stocks with strong EPS growth projections.

06.08.2024 - SOFI Stock was down 5.4%

• The bearish movement in SOFI's stock price could be attributed to profit-taking by investors after a recent bullish run.
• The positive news about Focus Universal Inc. and the large insider buy may have drawn attention and capital away from SOFI, leading to a decrease in demand for its shares.
• The high trading volume in Focus Universal shares could have created a shift in investor sentiment, causing a sell-off in SOFI as traders reallocated their investments.
• Investors may be rotating their positions based on the news of insider buying in Focus Universal, leading to a temporary decline in SOFI's stock price as market dynamics shift.

29.09.2024 - SOFI Stock was down 5.7%

• Despite strong Q3 earnings results with revenue and EPS surpassing expectations and increased guidance, SOFI witnessed a decline in its stock price.
• The rise in SOFI shares after the earnings release may have prompted some investors to take profits, leading to the stock price reversal.
• The general market downturn likely played a role in SOFI's bearish movement, despite the company's positive financial performance.
• The attention from retail investors on Stocktwits could have heightened volatility in SOFI's stock price, potentially influencing its bearish trend.

29.09.2024 - SOFI Stock was down 11.5%

• SoFi Technologies posted robust Q3 earnings, surpassing revenue and EPS expectations, while also elevating guidance, initially boosting the stock price.
• Despite the favorable earnings, the stock reversed its upward momentum and underwent a bearish trajectory throughout the day.
• The broader market downturn likely influenced the negative impact on SoFi's stock price, despite the company's strong financial performance.
• Investor sentiment and profit-taking actions might have played a role in the stock's decline, notwithstanding the company's solid fundamentals.

04.09.2024 - SOFI Stock was up 5.1%

• SOFI witnessed significant upward movement today after posting impressive earnings and raising its future outlook, underscoring robust financial performance and potential for growth.
• Optimism among analysts regarding SOFI's future outlook is likely a key driver behind the stock's positive momentum.
• The favorable market sentiment towards SOFI underscores investors' belief in the company's capacity to leverage the increasing demand for fintech services and deliver strong performance in the coming periods.

04.09.2024 - SOFI Stock was up 6.5%

• Today, SOFI stock exhibited a notable upward movement.
• The optimistic market sentiment is linked to strong September unemployment data and robust Nonfarm Payrolls figures, signaling consistent job expansion and general economic vitality.
• Moreover, analysts have taken notice of the company's impressive earnings statement and heightened guidance, increasing investor faith in SOFI's future prospects.
• The confluence of positive macroeconomic signs and encouraging firm-specific advancements likely contributed to the substantial rise in SOFI's stock price today.

10.08.2024 - SOFI Stock was down 5.8%

• SOFI stock has declined by 30% year-to-date, reflecting dwindling investor confidence and market sentiment towards the company.
• The prospect of investing in SOFI stock is currently being approached cautiously by investors seeking potential opportunities amid the prevailing bearish climate.
• The stock's decrease may be influenced by various factors, such as general market conditions, company-specific developments, or shifts in industry dynamics impacting SOFI's performance.
• Investors are advised to stay vigilant, closely monitoring updates, and conducting comprehensive research before considering investments in SOFI stock given the existing market volatility.

24.09.2024 - SOFI Stock was up 5.9%

• SOFI stock exhibited a strong bullish movement despite a minor decline in the latest trading session.
• This positive movement may be a result of factors like favorable quarterly earnings, product launches, or analyst recommendations.
• Investors seem positive about SOFI's future growth potential, driving up buying activity and boosting the stock price.
• Although there was a recent decrease, the overall bullish sentiment suggests that investors trust SOFI to overcome market obstacles and generate value for its shareholders.

15.09.2024 - SOFI Stock was up 6.2%

• Following the $2 billion loan agreement with Fortress Investment Group, the stock of SoFi Technologies experienced a significant uptrend, reflecting positive investor sentiment towards the company's future growth and stability.
• The introduction of two new credit card products by SoFi earlier in the week likely contributed to the favorable outlook on the stock, demonstrating the company's dedication to broadening its product portfolio and customer reach.
• Despite market fluctuations, SoFi's stock price saw an increase, suggesting that investors are optimistic about the recent developments and future prospects of the company, possibly considering it a secure investment choice in a volatile market.
• The occurrence of a "Golden Cross" as SoFi's 50-day simple moving average rose above the 200-day simple moving average could have further encouraged investor confidence and potentially signaled a prolonged bullish trend for the stock.

05.10.2024 - SOFI Stock was up 5.2%

• The uptick in SOFI's stock price can be linked to positive earnings estimate revisions, signaling promising growth prospects ahead.
• SOFI's shares surged by 42% in the last month, likely attracting investor attention and fueling the current bullish trend.
• Potential investors assessing SOFI may find the recent uptrend and optimistic market sentiment surrounding the company encouraging.
• Overall, the rise in SOFI's stock price indicates increasing confidence in the company's performance and potential for expansion in the fintech industry.