2 Fintech Stocks in Focus After Earnings
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Fintech stocks PayPal (PYPL) and SoFi (SOFI) are in focus after their earnings reports. PYPL fell 8.4% to $71.67 despite strong Q2 results, marking its worst loss since February and a 16.4% year-to-date decline. In contrast, SOFI rose 8.4% to $22.80, reaching a four-year high of $25.11 after exceeding Q2 earnings expectations and raising its annual forecast. Both stocks are experiencing unusual options activity, with significant trading volumes noted for specific contracts.
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