What's Going On With SoFi Stock?

Benzinga2021-08-05

SoFi Technologies Inc shares closed 8.47% higher at $16.39 in the regular session on Wednesday.

What’s Moving?In the after-hours session, shares of the online personal finance company declined by almost 0.4%.

SoFi garnered high social media interest ahead of the company’s upcoming release of second-quarter numbers scheduled for August 12 after financial markets close for the day.

Since the year began, SoFi has rallied 31.75%.

Why Is It Moving?SoFi was among the most discussed names on r/WallStreetBets or WSB at press time. The Reddit forum is known for short squeezes.

On Wednesday, Benzinga’s Tyler Bundy noted that SoFi’s stock could be subject to a short squeeze with 18% of shares being short.

The stock could find resistance near the 50-day moving average in the future, as per Bundy who also noted that the $15 price level has held as support multiple times and the stock is seeing resistance from lower high trendline on the chart.

On Tuesday, Television host Jim Cramer said he was a buyer of SoFi at its current price. He said, “Frankly, I don’t understand why this stock is where it is. I think [CEO] Anthony Noto is doing a terrific job. I think at $15, you buy the stock. I think you just go buy it,”reported CNBC.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

logostauros
2021-08-11
logostauros
Yes 15 good entry point
- ilovekirby:
  Agree
moonlightbae
2021-08-10
moonlightbae
why did i buy in ????
CHANWAWA
2021-08-10
CHANWAWA
Good stock
Kevinchai
2021-08-05
Kevinchai
$SOFI is not meme stock
- Yao84:
  What is Meme stock?
- coolstuff:
  more like being heavily shorten like sklz..
moneyfreedom
2021-08-05
moneyfreedom
Uuy
- ykang:
  Yes!!
- Raz:
  Buy

Leave a comment

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did i buy in ????","listText":"why did i buy in ????","text":"why did i buy in ????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896780982","repostId":1137838611,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":896408413,"gmtCreate":1628598904832,"gmtModify":1676529791657,"author":{"id":"3574224378611015","authorId":"3574224378611015","name":"CHANWAWA","avatar":"https://static.tigerbbs.com/8a55a318d57589da339802c94a970399","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3574224378611015","authorIdStr":"3574224378611015"},"htmlText":"Good stock","listText":"Good stock","text":"Good 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stock?"},{"id":5440541,"gmtCreate":1628207127321,"gmtModify":1635158997179,"authorId":3575813982420697,"author":{"id":3575813982420697,"idStr":"3575813982420697","authorId":3575813982420697,"name":"coolstuff","avatar":"https://static.tigerbbs.com/59416cd904d3254185c947646f5920b9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899921023,"type":1,"supId":0,"prevId":0,"content":"more like being heavily shorten like sklz..","text":"more like being heavily shorten like sklz..","html":"more like being heavily shorten like sklz.."}],"langContent":"EN"},{"id":899903936,"gmtCreate":1628148260325,"gmtModify":1703502101497,"author":{"id":"3585016169113806","authorId":"3585016169113806","name":"moneyfreedom","avatar":"https://static.tigerbbs.com/0d3d86db039526e68f0ef11b938e4ed9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585016169113806","authorIdStr":"3585016169113806"},"htmlText":"Uuy","listText":"Uuy","text":"Uuy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899903936","repostId":1137838611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5435328,"gmtCreate":1628157649761,"gmtModify":1663231964963,"authorId":3574210732047776,"author":{"id":3574210732047776,"idStr":"3574210732047776","authorId":3574210732047776,"name":"ykang","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899903936,"type":1,"supId":5434106,"prevId":0,"content":"Yes!!","text":"Yes!!","html":"Yes!!"},{"id":5434106,"gmtCreate":1628148333091,"gmtModify":1663231964633,"authorId":3570272942006173,"author":{"id":3570272942006173,"idStr":"3570272942006173","authorId":3570272942006173,"name":"Raz","avatar":"https://static.tigerbbs.com/f9ea187e9aeaaf216b9012645f7a0d31","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary 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