Traded ValueI have been following SOFI recently, comparing the trends of SOFI and UPST. The trends are quite similar, but SOFI has performed slightly better than UPST in terms of chart strength these days. However, if you compare the five trading days after the gap, you'll be amazed to find that both SOFI and UPST have risen by the same 12.99%, but UPST's volatility is 5% higher than SOFI's, reaching 18.84%! UPST has hit a new 52-week high, while SOFI is still a breath away from its peak.
Additional knowledge: SOFI also has positive news. Its earnings on 10.29 are uncertain, but as a lending stock, this fintech company has many growth opportunities by lowering interest rates to increase loans. SOFI is a stock with a 20% growth target, while Apple is expected to recover to a growth rate of 5% to 8%!
I haven't built a position in SOFI yet, and I'm still considering whether to add some. But I already have UPST in the same category, and these two are now neck and neck in terms of upward momentum!
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