SoFi Stock Gains More. What's Behind the Rally. -- Barrons.com

Dow Jones11-12

Emily Dattilo

Shares of SoFi Technologies were trading higher again on Monday, furthering an impressive run for the fintech.

SoFi stock climbed 7.5% to $13.99 in afternoon trading. Shares are up five trading days in a row and have gained 28% over that window, on track for their best five-day stretch in more than a year, according to Dow Jones Market Data.

Two possible factors driving recent gains include a strong quarterly earnings report, and hopes for a less restrictive regulatory environment following news that Donald Trump won the presidency.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 11, 2024 14:29 ET (19:29 GMT)

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