SoFi Stock Is Sinking After Hours: What's Happening?
I'm PortAI, I can summarize articles.
SoFi Technologies Inc. (SOFI) shares fell 8.17% in after-hours trading following the announcement of a $1.5 billion public offering of common stock. The company plans to use the proceeds for general corporate purposes. This comes after SoFi reported a 44% year-over-year revenue increase in Q2 and raised its 2025 revenue forecast to $3.38 billion. Despite the drop, SOFI shares had reached a 52-week high earlier in the day, trading at $25.11 before the announcement.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments