Why SoFi Stock Dropped13% in December | SoFi Stock Forecast: Options Traders Turn Bullish Ahead o…


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Why SoFi Stock Dropped13% in December

SoFi continues to break its own records for new customer add-ons.

Share os SoFi Technologies (NASDAQ: SOFI) stock fell 12% in December, according to data provided by S&P Global Market Intelligence. There was no specific news that sent the stock down, but it's trading at a premium valuation, and it may have been impacted by falling cryptocurrency prices.

SoFi has become a popular banking app for its target student and young professional users. It aims to offer everything a client needs to manage their finances all in one place, and it's adding new products and services to make that happen. But it's doing even more than that, rolling out innovations that make it stand out from the large pack of both traditional and digital banks.

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Discover why it's trending. »

SoFi Technologies: Fundamental Improvements Are Visible (NASDAQ:SOFI)

SoFi Technologies, Inc. (SOFI) is a company that divides opinion. Some see it as a revolutionary force in the banking industry, while others see it as an

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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