SoFi Stock Plummets After Skyrocketing 20% on Monday. What Happened?

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In this video, I will explain why SoFi Technologies (SOFI 0.45%) stock is back to where it was before it reported its first profitable quarter and excellent long-term guidance, which saw the stock soar 20% in a day.

*Stock prices used were from the trading day of Jan. 31, 2024. The video was published on Feb. 1, 2024.

Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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