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Stock impact report

SoFi Technologies Stock: Buy, Sell, or Hold? [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
The combined company's stock opened at $21.97 on the first day, but it now only trades at about $11. Like many other SPAC-backed start-ups, SoFi lost its luster after it missed its own ambitious pre-merger forecasts. Rising interest rates and a moratorium on student loan payments also throttled the growth of its lending services. But as interest rates decline and the macro environment warms up again, is it the right time to buy, sell, or hold SoFi's stock? Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » SoFi, which is short for Social Finance, was founded at Stanford University in 2011. It initially focused on providing more affordable student loans than traditional banks, and it subsequently expanded its data-driven fintech business with mortgages, auto loans, personal loans, credit cards, insurance services, estate planning, and stock investment tools. In 2022, it obtained a U.S. bank charter and started operating as Show less Read more
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