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Why SoFi Shares Climbed 12% in September

TheMotleyFool

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Why SoFi Shares Climbed 12% in September

SoFi (NASDAQ: SOFI) stock gained 12% in September due to positive analyst coverage after suffering big losses earlier in the year. SoFi's price chart tracked the UltraPro QQQ ETF (NASDAQ: TQQQ), which is designed to deliver three times the daily performance of the Nasdaq 100 index. However, the fintech stock was able to avoid the losses sustained by major indexes in September as investor sentiment grew more favorable.