Why SoFi Stock Dropped13% in December
Share os SoFi Technologies (NASDAQ: SOFI) stock fell 12% in December, according to data provided by S&P Global Market Intelligence. There was no specific news that sent the stock down, but it's trading at a premium valuation, and it may have been impacted by falling cryptocurrency prices.
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SoFi has become a popular banking app for its target student and young professional users. It aims to offer everything a client needs to manage their finances all in one place, and it's adding new products and services to make that happen. But it's doing even more than that, rolling out innovations that make it stand out from the large pack of both traditional and digital banks.
Source Fool.com
