SoFi Technologies has experienced a notable decline in its stock price, dropping 7.3% and tallying a 15.9% decrease for the month. Despite a solid year-to-date gain of 68.2%, investors reacted negatively to tempered guidance on future earnings and a decline in share price even after surpassing quarterly estimates. Positive outlooks from investment banks contrast with some high-profile selling, creating mixed signals. The company has a history rooted in student loans and expanded its offerings significantly after its SPAC merger, which brought in ample capital to enhance their technology platform.
SoFi Technologies' shares fell 7.3%, marking a 15.9% decline in one month, despite a 68.2% gain over the past year.
While SoFi reported stronger-than-expected fourth-quarter earnings, disappointing future earnings guidance led to a sell-off in its stock.
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