SoFi Falls 6% Despite StoneX Buy Initiation as Rising Yields Hit Fintech; Affirm Drops 9%, Robinhood Slides 6%
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The post SoFi Falls 6% Despite StoneX Buy Initiation as Rising Yields Hit Fintech; Affirm Drops 9%, Robinhood Slides 6% appeared first on 24/7 Wall St..
Rising long-term interest rates are overwhelming a fresh buy initiation from StoneX on SoFi Technologies (NASDAQ:SOFI) and sending SoFi stock sharply lower. SoFi stock is at $14.36, down 6% in morning trading, extending a brutal run that leaves it down 45% so far this year. The selloff arrives one day after the initiation, setting a cheap-stock
Rising long-term interest rates are overwhelming a fresh buy initiation from StoneX on SoFi Technologies (NASDAQ:SOFI) and sending SoFi stock sharply lower. SoFi stock is at $14.36, down 6% in morning trading, extending a brutal run that leaves it down 45% so far this year. The selloff arrives one day after the initiation, setting a cheap-stock
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