SoFi (SOFI) Shares Dip Over 1.5% After Morning Rally Reverses

Shares of SoFi Technologies, Inc. (SOFI), the digital personal finance company traded on the Nasdaq, saw a reversal of earlier gains during Tuesday morning trading.

As of 11:04 AM EDT, SoFi stock was priced at $9.35 per share. This represents a decline of $0.15, translating to a 1.58% loss for the session compared to its previous close of $9.50.

The trading day began with volatility for SoFi. After opening at $9.39, the stock experienced a significant surge shortly after the market opened, reaching a session high of $9.93. However, this upward momentum proved short-lived, with the price subsequently pulling back sharply to hit a low of $9.31 before stabilizing slightly.

Activity surrounding the stock was notable, with over 17.8 million shares traded by late morning. This price action gives SoFi an intraday market capitalization of approximately $10.25 billion. Investors are keeping an eye on the stock’s movement within its established 52-week range of $6.01 to $18.42.