SoFi Technologies (SOFI) Slips Nearly 3% in Midday NASDAQ Trading
NEW YORK, United States – Shares of SoFi Technologies Inc. (NASDAQ: SOFI) experienced downward pressure during midday trading on Thursday, April 11th, as the fintech stock retreated on the NASDAQ exchange.
As of approximately 12:11 PM Eastern Daylight Time (EDT), SOFI was trading at $10.23 per share. This price reflected a notable intraday decline of 2.80%, representing a decrease of $0.29 per share for the trading session. The stock moved significantly lower compared to its previous closing price of $10.52.
The 1-day chart illustrates a challenging start for SoFi shares. The stock opened near its previous close but quickly faced selling pressure, dropping sharply below the $10.50 mark. It established an intraday low around the $10.10 level before seeing some choppy trading activity that brought it back slightly to the 10.25 range by late morning.
SoFi, a digital personal finance company operating primarily in the United States, offers a suite of financial products including lending, banking, and investment services. Its performance is closely watched by investors tracking the rapidly evolving fintech landscape and broader market sentiment towards growth-oriented technology stocks. Thursday’s decline puts the stock below key technical levels observed earlier in the session.
