Why did Sofi Technologies shares slip nearly 10% today?
Apr 14, 2022 · SoFi Technologies stock drops 12% after cutting guidance; analysts react seekingalpha.com - April 7 at 4:40 PM: SoFi Stock Is Falling After Student Loan Moratorium Is Extended. These Analysts Are Searching for a Bright Side. barrons.com - April 7 at 4:40 PM: Why did SoFi stock slip today? seekingalpha.com - April 7 at 4:40 PM
How can I get the latest news and ratings for Sofi?
SOFI stock is down more than 50% since the beginning of the year and down by 14.7% in the last month. Just over the last week, SOFI shed more than …
What is Sofi doing right?
Apr 21, 2022 · Investors are skeptical about the reasons for the company’s latest guidance cut. They do not believe the latest extension of the Federal student loan payment moratorium is the only reason for ...
Is Sofi a good stock to invest in?
Apr 06, 2022 · The extension of the student loan moratorium has pushed SoFi Technologies (NASDAQ: SOFI) stock down today. Loan repayments, previously set to resume on May 1, have now been paused until August ...
Is Sofi shorted?
Despite receiving the bank charter, SOFI became one of the most shorted stocks as 21.4% of its shares were shorted as of 2/28/22.22 Mar 2022
What is the price target for Sofi?
Stock Price TargetsHigh$22.00Median$13.00Low$10.00Average$14.35Current Price$6.602 days ago
Did Sofi restrict stocks?
At this time, we have no intention of restricting trading in any way. You can continue to trade via SoFi Invest, but it is as important as ever that you make informed decisions when investing.29 Jan 2021
What is the future of SoFi stock?
SoFi will probably eclipse 50% revenue growth this year and should deliver about 40% growth in 2023. Moreover, the company should continue to expand revenues at a significant rate beyond 2023. Furthermore, as SoFi grows in future years, it will likely become increasingly profitable.22 Mar 2022
Who is SoFi owned by?
SoFi Lending Corp. is a wholly owned subsidiary of Respondent Social Finance, Inc. 3. Respondents have marketed, advertised, offered, and originated a variety of credit products to consumers, including unsecured loans for the purposes of refinancing consumers' student loans.
How many times can I buy and sell on SoFi?
An account is considered a pattern day trader if activity results in 4 or more day trades over a 5 trading day period. If an account balance is less than $25,000, the account will be restricted from day trades for 90 days.26 Oct 2021
When buying a stock What does limit mean?
A limit order is an order to buy or sell a security at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Example: An investor wants to purchase shares of ABC stock for no more than $10.
What is sell stop-limit?
A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better).13 Jul 2017
Key Points
NASDAQ: SOFI
Technisys' cloud-based core-processing systems can support multiple financial products on one core.
What happened
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So what
Shares of SoFi Technologies ( SOFI 2.18% ) had slipped nearly 10% as of 2:03 p.m. ET today after the company announced that it plans to acquire the core processing company Technisys.
NASDAQ: SOFI
SoFi plans to purchase Technisys for $1.1 billion in an all-stock transaction. Technisys develops core banking systems, which help banks carry out their daily operations, whether that is processing a deposit or loan transaction.
Now what
SoFi expects the acquisition to generate between $500 million and $800 million of additional revenue through 2025.
Premium Investing Services
Moving SoFi products over to Technisys' core is a good idea, although SoFi didn't have to buy the company to use its products. However, the addition of Technisys will complement Galileo, a payments platform it acquired in 2020, and increase tech platform revenue greatly.
