NEW YORK, USA – SoFi Technologies Inc (NASDAQ: SOFI) stock showed resilience in afternoon trading on Friday, April 29th, recovering from earlier session lows to post a modest gain.
As of 2:12 pm GMT-4, shares of the financial technology company were trading at 13.42 USD. This price reflected an increase of +0.23 USD, or +1.70%, compared to the previous day’s close.
Despite the current gain, the stock experienced significant volatility earlier in the session. SoFi opened trading strongly at 14.13 USD and quickly hit a high of 14.50 USD. However, it subsequently faced downward pressure, falling to an intraday low of 13.23 USD before stabilizing and moving slightly higher in the afternoon. The previous closing price was 13.20 USD.
This price action keeps SoFi shares within their established 52-week range, which spans from a low of 6.01 USD to a high of 18.42 USD.
Current financial details for SoFi include a Price to Earnings (P/E) ratio of 30.86. The company does not presently offer a dividend yield to its investors. Market participants continue to track SoFi’s movements on the NASDAQ exchange.
